Lit market is in limbo until the trade deal progresses. December tariffs are around the corner and still no phase one deal.
Seeing as China is the number one consumer I can't see any breakouts that follow through until that clears.
Demand needs to drive prices. Future predictions of demand does nothing to current pricing.
If the phase one deal gets over the line and the Argentinian political handover comes around the same time then we may see things heat up properly with a welcoming handshake between the new governor and JZ.
Mal still has a couple of mil options he'll want to exercise in the next few weeks too and I'm guessing it'll be at a higher sp to current considering he passed up 13c run and more recently 10.5c run. There certainly won't be much point dumping straight away if sp stays here. Plus if mm keeps the buy depth at current levels Mal wouldn't be able to sell anyway...
You'd have to think there'll be some sort of catalyst in December, just which week will it come???
AGY Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
