Ok, a few reasons why we are near the bottom:
t/o complete, no more fear about will it/ won't it. It has and now we have a much longer mine life and royalty income.
yes, some of this is short covering but shorts get covered when there is nothing left to gain on the downside.
As mansell noted, China's stockpiles are low and will be restocked. Also there is big infustructure spending coming from China.
i'm no chartist but, massively oversold. Down approx 70% from high in only a mth or 2. Along with 2 substantial bounces off the $1.45ish level. This is looking like support.
even if div are cut to 15c total (from 32c) for the next year we're still looking at a retun just below 10%.
final reason for it being about the bottom. Hope!
moviedancer, i'll gladly take 2.80. Especially if we get there with the same speed we got from $5 to today.
gltah, dyor as what do I know!
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