it is kind of LC, 85% of money is going to be released 5days after shipment is completed in Nageria. Nobel made a favour to SL1, because normal payment is between 30%to 45%.
I think CMC market buyers don't want SL1 flying until CR shares of Pershing are being dumped under 2.5c.
it is also a good action by directors to just sell as much as they need for exploration and production, while Zinc price is tanked.
SL1 Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held