I have a feeling traders are playing with this too. There seems to be a lot of overhead supply in the high 50's, which suggests some picking up at 52 want to sell at 58 etc. amd take a little 10-15% earner.
I'm more confused why it didnt go higher yesterday....
We would have been better buying MQG yesterday and selling today, what a swing!
fingers crossed this goes back to fair value sooner rather than later.
PNA Price at posting:
52.6¢ Sentiment: Buy Disclosure: Held
