another going off 19pc, page-15

Plough,

I looked at MWE on a number of occasions.

I agree, the Cu project is large. But, its in the Democratic Republic of Congo

Try getting $1bn Capex for that!

The company will eventually sell the project or farm it out to the govt of a govt run company and get screwed

As for the iron ore, so many people are getting burnt buying in on low quality iron ore company because people are beating up about 'iron ore' this 'iron ore'. They think because YML and others do well, everyone will.

That mentality will only cause people to get burnt.

Invest in qlty undervalued FE projects and you wont - as ive said, i dont like this co. FE becasue they are minority partners - they only get 20% and 40% of the projects. And the 40% of a tiny speculative project

The majority partners are much better plays imo

Plus, the buy depth was clearly played with yesterday. I mean, were have all those big buy orders at 23, 24, 24.5 gone...lol...vanished!


Good Luck though!