RE:Down 13% from 52 week highMoly prices still rising so costs should continue in the right direction. Calling for $4 copper price now with end of year $4.50. Sounds more reasonable than the $6 panic figure. Might be more room to go lower but this one moves quickly with the price of copper. I expect there to be an increase in the short position given the quick rise to over $2.
Be interesting to see if they bought anything in May under the NCIB. I doubt it right now but June could be a different story. They should get money for what they sold in the previous quarter as there is a large difference in their settlement prices.