Well shorts yesterday were 0.04%, up from .03% but still very low. I noticed the last few weeks, that when I put buys through that the transactions didn't affect the selling queue. Either someone is matching the transaction on the open market at the same time or there is some other reason.
I also noticed some big parcels last week go through but they had a bigger impact on the queue. The parcels today obviously didn't impact the sales side as well or were they sales? Have to see if there was a pickup in short data.
I was thinking a little more about Lounge Lizard and how tight the timeframe is. KZL stated they would sell it by xmas, but really it would have to be done by Dec 17 or so. I get the feeling too that they must have approached WSA about it and weren't going to get what they want and went to the open market. Knowing that and with the tight timeframe they must have had some strong interest already or prior to, to state that it would be sold by xmas. I think if they do we could have announcement as early in the next 6 weeks.
Zinc data continues to look good.
Stocks - 794,550 Available - 722,500 On backorder - 72,050
Available has fallen another 10,000 tonnes in the last week.
Headline stocks have fallen 100,000 tonnes in the last 2-3 months.
KZL Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
