re: Ann: Ceasing to be a substantial holder f...
"Pessimistic view", or a realistic opinion backed up with facts and figures?? At least I provide numbers to support my view.
I have held MCP for several years now and enjoyed a good run, but as per my previous post I am a lot more cautious on the near/medium term outlook for the company and have reduced my holding by approx. 30% over the past 3 weeks.
By the way, as for the influence of the FX rate to MCP one needs to remember it is their (stated) policy to cover FX needs 6 months in advance. Meaning the current strength of the AUD will not be reflected in their results until Jan 12 - Jun 12 reporting period.
MCP Price at posting:
$3.07 Sentiment: Hold Disclosure: Held
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