But the big money never left... They just lent their shares out...

But the big money never left... They just lent their shares out for shorting.

Their holdings have not dropped.

and as for the "poor quarterly"? Utter crap.

Here is my post regarding the repeated, broken record comments from ASB on the topic:

https://hotcopper.com.au/posts/37835053/single

For this quarter:

Production Levels on target (confirmed)

Sales of all Spod produced is covered in our supply contracts (so timing of shipments doesnt really matter, it is all sold anyway)

Lower Cost for production (improved recovery rates will do this, as will better ore quality)

Huge Cash Injection ($280 million from Posco)

Higher Ore Quality (Over Floater Road - all of it)

---------------

Sure, the downrampers will focus on the shipped levels.

But in reality it doesnt mean sheet.

I know it.

You know it.

The shorter's know it.

ASB knows it.