They are presenting at 2pm, I got the invitation in the mail but couldn't make it
I have a mate going so will see if he can flick me a copy of any presentation material and anything else worthwhile - i.e timing of Xinfa deal and whether there were larger players watching
Will know if the presentation was positive tomorrow as it really should start making a move back to 20c
These seller at 15c are absolute lemmings IMO.
Seen it so many time during offer periods or DD. Buyers are absent because they know they have time to enter and can park money elsewhere and impatient and nervous retail holders compound the sell down selling directly into the bid
Why hold if you don't understand the bauxite market or record imports and strengthening prices ?
ABX Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
