re: Ann: Maiden 32,000 t Cu Resource for Grif... Hey Buddy,...

re: Ann: Maiden 32,000 t Cu Resource for Grif... Hey Buddy,

Thanks for the clarification to my statement. When the announcement was released, there was "literally" panic buying. That tells me that shorters were covering up. The reason I mentioned the shorts piece, was once 52cents had fallen, my gut feel was that the shorters were going to wack KZL down to 46.5/47cents, its previous support, so I think the shorts were pretty confident of getting that target.

Anyway, I still think the last 3 days action has had people buying and shorts covering, Though I haven't checked the asx data -- will see that in the morning

Cheers
Mayo