I am with you in that I am waiting for next contract announcements and I don't think the price will have a sustained move until then. As I mentioned on another thread something with BHP Glencore BMA FMG... that would open the floodgates Ha dreamin'. Lots of other applications beyond mining but that seems to be their focus at the moment. Could take another 12 months or not at all.
Having said that regulatory approvals are lesser an obstacle in contract negotiations especially after today's announcement and there could be contracts pending this casa approval. Maybe that's what the volume was about today seemed like a big reaction... got me stuffed
Anyway over thinking it now.. but what I saw of today's activity looked like fun. Should be an interesting few days especially to see what happens Friday.
good luck punters
I am with you in that I am waiting for next contract...
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