well well well
those who ignored me to sell at 180c-270c as I was calling are now forced to sell at 140c.
A large loss of capital gain
all those buyers at 150-270c got Punk'd.
still way better than 104c before the bid or even 40c where I was forced to sell in 2015.
I said many times the gain here was in the 20c-250c runup and that was the sellzone over 100-200c
The BOD have no saviour in IGO or BHP
I said after the bid that IGO would flip MCR in courtesy to AFs flip of WSA to them.
I expected BHP to counterbid yet they stayed silent and refused to waive ore quality throwing BOD under the bus.
Yet again BHP shows it could not care less about a supplier and only thinks of itself and its monopoly and happily will give away MCR & its ore to AF and all the capex and losses this involves while it itself burns $15B on OZL black hole mining for a decade.
IGO hasnt answered but they look the smartest here, getting in for a gain and flipping to AF.
I cant see IGO having any interest in MCR or its ore nor in any JV refinery with AF actually.
They can do this themselves now.
Creasy is no mate of AFs.
Shoulda taken the money at 200-270c toombs.
MCR Price at posting:
$1.40 Sentiment: Hold Disclosure: Not Held
