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3.23% 9.0¢ boab metals limited

We'll know soon enough! I suspect that the shorts covering have...

  1. PhillW
    2,942 Posts.
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    24/04/24
    14:27
    Post #: 73498916
    We'll know soon enough! I suspect that the shorts covering have a lot to do with the price rise. I have been watching lead & zinc closely for a while and noticed that if the gap between lead & zinc get to within $300, then buy zinc for a rapid movement to increase the gap by $500-$600. The below screenshot shows the LME cash price is actually US$90 below spot. The 3mth contract is $2145.50, also below spot.

    https://hotcopper.com.au/data/attachments/6123/6123215-b0c25868ccdbec8d640a0eae0bb2bafb.jpg



    BML Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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