In a way i agree with them, whilst LIT ETF is only relevant to companies with resources and/or production in that the change in their value can actually be measured. As this has had a material impact on the larger companies it has effected the overall sentiment in the entire sector as a result... i.e whats the point of exploring if there is no longer value in it?
Subsequently interest and sentiment in explorers has taken a significant hit as well, as with all exploration vs production plays the swings in the explorers are generally alot more severe either way when sentiment changes.
The short term changes that some here keep quoting are irrelevant IMO but if we see a longer term upswing you can be sure this will transfer into more interest in explorers (with or without resources).
As of today the results are due so hopefully we hear something early next week or we could see further drops.
4CE Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
