Block TradeThis is their PLAN - what they want to do. Where they're at in actually negotiating a deal is unclear. In the meantime, selling will continue.
If U.TO can break that resistance at ~4.70 though, then I would expect the whole sector to get a lift. The big move by EFR.TO is a positive sign, although code be a local phenomenom due to the US xenophobia and 'made in USA' sentiment right now. That should ultimately play ok for LAM with the Church Rock property but a sector-wide bull market confirmation is going to be required to get the anvil off the price.