I think the dow is the issue at the moment and getting a set date on when a decision will be made. I.e After 3 months or 6 months etc.
I say once the dow settles mmx is in for a nice ride upwards alongside other loversold iron ore stocks. The point is do we have 1 week left of this correction - or are we in for a bigger one.
This week will show some better indicators.
The rise today in mining stocks is not enough for many to jump in and take positions. Just the brave and traders.
I am still on the sidelines but mmx sure is looking a good price. If the dow goes lower though we will easy see mmx at 1.80 come Friday.
Wait and see - CAUTIOUS approach best atm. On all stocks.
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