Thanks for the info about the board meeting. Sounds encouraging.
I've wasn't in and out at the same price - I gave up 0.4c/share on average. Which hurts a little - though I did gain on the other place I had the funds parked while I was out.
But to get out with Zn at $1.10 heading down and get back in with Zn at $1.19 heading up and only give up 0.4c/share is amazing.
I do however retain significant concerns about China. I have read about significant drop off in demand for Iron Ore and Met Coal which would have to flow on to Zn as a key stainless steel additive. I've also listened to Raoul Pal on realvision saying that Chinese crude oil buying is being largely stockpiled at present. And Lakshman Achuthan has said that the leading indicators point to an industrial slowdown outside of the US currently underway. So the Macro headwinds are real and somewhat scary.
But if Coal and Iron Ore fall over, we do have the cushioning of the $A depreciation at RVR, so that's a plus.
I'm in but with a wary eye looking at China ...
Cheers,
Tim.
RVR Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
