I too would be surprised by drop in rates – mining bull is putting too much upward pressure on inflation notwithstanding other parts of economy are flat as a tack
Drop in rates would help POG/AUD but in any event, as more bad news comes out of Europe, the safe haven is ironically still the USD (despite the problems they have in their own backyard) which in itself should keep a lid on AUD
As for MYG – feasibility and resource upgrades won’t do much in my view
JG needs to convince the market he can get to production - i won’t mention the f word..
As soon as range allows i'm back in the queue to fill the 4c gap..also have rising buy trigger at 10.5c in case i'm wrong and it breaks the other way
MYG Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
