Hi Rob1000.
You're quite right to point out the effect of failing $A/$US exchange rate on the OZ price of zinc. The thing I find interesting is the lead price and the Cancelled Warrants on the LME. At the moment there are 12650 tonnes to be cancelled (taken out of the LME) warrants today and that is from a stockpile of only 80575 tonnes. Yes that is still a lot of tonnes over the 20000 tonnes in the LME when lead was going bananas but lead seems to be very much in demand.
Meanwhile the sales of lead on Kitco show a huge demand at about $US0.8566 so I doubt that there will be much lead going in to the LME today. It could be that we will be seeing a recovery in the price of lead now that the Olympics has concluded.
Any increase in zinc and lead prices and lowering of the $A will help Intec in the short term.
Cheers.
Hi Rob1000.You're quite right to point out the effect of failing...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SDV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
61.0¢ |
Change
0.020(3.39%) |
Mkt cap ! $115.7M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 61.0¢ | 59.0¢ | $23.29K | 39.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2523 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 15.27pm 04/10/2024 (20 minute delay) ? |
| SDV (ASX) Chart |