Intesrting analysis TB. I would add, Iron Ore is rallying today on SGX, up about 0.5%. The Trump China talks are quite positive; Trump said he was confident a deal with China could be reached. Though every utterance of Trump should be discounted.
The 5 th transhipper Peak should be about to start any time now.
I wouldn't like to be short MIns for 3 holidays now, a stock trading on a P/E of 4, that has gone up 24% in 3 days.
Still, 14.3% of the stock is short, and there's not the volume to allow any meaningful cover of short positions this afternoon.
Similar to Tom i wouldn't discount a possibility of a strong late rally in Mins this afternoon.
You should check out the latest Min Res video of the haul road in action on Instagram. Its quite cool.
MIN Price at posting:
$23.05 Sentiment: Buy Disclosure: Held
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