- Joined
- 14 October 2017
- Posts
- 240
- Reactions
- 327
My understanding is that is a Breakaway Gap, High Volume, ends old pattern, unlikely to be filled.
I agree with everything you said.I don't know but sense from discussion elsewhere by some astute people - almost certainly.
My notions:
Thai govt is bound by TAFTA (Thai Australia Free Trade Agreement). The Australian Govt will come to Kingsgate's aid if Thailand defaults on a court order.
The court resolving the dispute is the top international court, an organ of the world bank
They have assets abroad that are confiscatable on default.
They need to attract foreign investors and have a risk rating they wouldn't want to get worse.
They probably want the mine to resume operation themselves - there are rich Thais in the Thai kleptocracy who will get a stake on resumption of operation and the mine's worth jobs and taxes when the Thai economy and tourism has been hit with covid.
It must be the time of year LOL, I did the same with MCR and AWC today.Tacked on another 8,000 @ 76.5c today, think it was mostly succumbing to an urge to do something in the market.
1 Year Daily
View attachment 114798
Like the release of the gold sludge
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