Valin,
Very happy closed out shorts. Who is laughing now?
BHP, FMG, WSA, STO, PAN & MCR are not dead cats. FMG as I said before can and should survive this iron ore downturn. WSA is quality. STO has some debt problem needs to address. PAN & MCR did the right thing by stop bleeding money stop mining. As I posted before, they should merge and look for other commodities while waiting for nickel to recover (may be a few years away).
Ann: Quarterly Activities Report, page-71
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