I think we're gonna see the same pattern repeat after the initial price spike. Looks to have set a base around the 2.6/2.7 area and I'm guessing we'll trade sideways from now for a week or two.
The next announcement will be for the second Malawi lease which might see a slight bump up again but 3c looks to be the top of the range for a while yet.
Don't go getting your hopes up for a big price spike anytime soon. Will be 2nd qtr 08 before anything really starts to heat up.
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