Yes, the SP certainly has been smashed down. The SP started falling at the same time resolution number 3 (Shenangans) post started just over a week ago.
The thread is still not resolved as to what exactly Shagang pays for their pellets.
A week ago we were on 63 with nothing between us and 70. I think the SP price drop is a massive over reaction. I picked up more today. The way Grange is raking in the money we should be looking at a 4 cent dividend for 1H21 which will mean a significant re-rate of the SP.
Pellet Price, page-767
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