Yes Chao88…
Basically I follow the work of @Saragian and his last charts here back in May [see here] indicated the MLD price was downwards ranging and needed to stay over 85c — and it did not.
I had also bought back into MACA thinking there was a real possibility it would be bought by NRW which is my largest long term holding and had a large purse of cash as at December. (The CEO also flagged that if a purchase *was* in the wind it was likely to be about expanding one of its’ current divisions rather than striking out in new directions.)
But nothing happened, as said the price went down, and, as I think I posted, I was concerned about margins on contracts booked (possibly without ‘rise and fall agreements’ before Covid struck and changed everything.
Also the Pilbara Minerals contract expires in August I think and, if it was to be renewed, both companies would have announced by now so as to give a sense of stability.
