who are those uprampers ? why were they not pointed out prior to the dump, or was it ok then, crying after the fact ?
cliff warned us all last qtr this one would be tough, or did most forget.
because (more than likely) bain dumped today its the uprampers fault.
Cliff, myself and col warned use it would be bad.
Cliff warned us.
The market already knew volumes would drop and C1 costs would rise from 6 months ago.
Cliffs conservative and not throwing money around, they could have dumped millions into drilling programs but he has taken a very conservative high tech approach as apposed to boots on the ground.
I've seen it heaps of times, sell of unjustified or was it shorts knowing iron ore will probably head lower this week.
IMO even with a slight loss considering $20mil repayment and forward looking the SP should have risen, just a couple day set back.
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Ann: December 2017 Quarterly Activities Report, page-98
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