Regarding the chart - I'm struggling to understand the chart when there are some stalwart supporters of MIN that have been riding this rollercoaster & are still here:
Last Years annual report: Not sure what holdings the above have 9 months into this FY! Some appear to be stalwart holders! Some appear to be lending to the shorters, therefore sticking with MIN.
Recently Norges & UBS bought in with 5% plus holdings, UBS dumped 2 days later - City Group came fishing 19th Feb. with 7%, UBS looks to be holding!
So we have: 1. Some long term holders just riding this out 2. Some long term LARGE holders aiding & abetting the shorters (Big Time) - their holdings gyrate & can come & go & come - surely with MIN's chart trend they are losing money? Are those large holders actually gaining from lending to Shorters with MIN.?
- then you have the Shorters crawling all over MIN:
How can you get two such strong OPPOSING POSITIONS!?
Is MIN going to ride this to extinction? OR will ONSLOW be MIN's saviour? There appears to be huge sums $'s backing either OUTCOME!?
At what point might we see these 26,080,578 Shorts retreat?
I'm inclined to think MIN has been over-played and they have the potential to strategically pull away from what looks like a Grim Reaper hiding in the wings!?
MIN Price at posting:
$22.71 Sentiment: Hold Disclosure: Held
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