current production based on Q1 Q2 is a pathetic 4ktpa not 10ktpa!
40% lower.
ie 1ktpQ...
Thats 2-3 times below their guidance!
thats way below PAN of 6ktpa and POS projected restart 20% capacity of 7.5ktpa
and they believe they can produce 4ktpQ instead of the current 1ktpQ,
ie they claim they are going to quadruple production next 6 months when they couldnt the last 6 months?!
I call BS!
MCap of MCR is triple PAN and 8 times POS & MCR is looking pathetically overpriced imho.
Their production is half of PAN yet MCap triple them!
a 600% discrepancy! NUTS.
I did warn you all of this BIG MISS and soon the SHORT ATTACKS step up.
I did warn of more surprise CR dilutions and massive cost blowouts and capex cash burning operations here plus the higher costs due to exorbitant BHP tolling fees.
MCR was viciously SHORTED back in 2014-2016 from 100c to 20c
Now its cracked its retrace run at 190c and the market realises its valuations are way overdone.
My 120-140 call was SPOT ON already and may hit again or even go lower imho.
a PAN MCap would take it to 60c, surely not?
but with MCR the downside is vicious in my experience as a prior burnt holder.
Get ready for the SHORT ATTACKS and the cliff face chart towards 100-120c imho.
MCR is a heavily SHORTED stock so dont be surprised
I DID WARN you all for many months but you wouldnt listen.
Calling all SHORTERS, the action is here.
MCR Price at posting:
$1.52 Sentiment: Sell Disclosure: Not Held
