Thanks Redgie, my info is obviously well out of date.
Hasn't AC8 got the only Australian permit atm to import MM into Australia? If so that would appear to me to be rather monopolistic, and I would have thought contrary to ASIC antitrust rules?
Not sure what constitutes canopy backing but would have thought that given the triple SP growth AC8 has experienced since 20th Feb, c/f MXC that arbitrage possibilities would open up ie sell AC8 buy MXC for what you say is fundamentally exactly the same exposure to the MM market!
BTW I appreciate your posts, which generally have some substance
MXC 3000kg, page-27
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