So we can hopefully discount any delays or losses of production on excess need for de-watering or drainage overruns due to much heavier than usual downpours, as witnessed 'up the coast', so to speak.
With the Sn price witnessing so much downwards pressure of late, even with the AUS /USD arbitrage, hopefully we have managed to supply all necessary markets and with luck, put a little bit in the kitty for when the futures contracts turn back towards the higher end of our current price per tonne band.
Note: I have purchased another little parcel or 2 over the last 2 days, and will wait to see what the half yearlies and external forces bring the XMJ. Have budgeted another parcel at some point in the very near future and I bloody hope we will hopefully then see some sort of cessation to this constant selling pressure.
If we see too much more downside pressure and a total capitulation occurs, then it's off to the knackery for me, once the family CFO finds out...
MLX Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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