It's been a while since I posted here, although I am a regular lurker. I am still medium term bullish on this one. The obvious headwind is commodity prices, which are crap. From my calculations 60% of Q4 metal production value was zinc, whose weekly chart is falling through the floor. 20% was lead, which is in a declining trend, and 20% copper, which is also not looking too happy. Tin is also much weaker in both USD and AUD than when the PFS was done, so I see no need to rush on that one. Rather they should contain spending and tread water with the other stuff. I'm not a chartist, but johnyb's chart reflects all this, so thank you for that post.
On a positive note, I see the AR is scheduled for release on 24/9, 3 weeks earlier than last year or the following year. Why would you bring forward the AR if you had a bad story to tell? The publication of this report will provide solid information for analysis, and I'm looking forward to reading it.
CSD Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
