12 months before ANL FMG SIR MBN WSA PAN MCR AGO all started...

12 months before ANL FMG SIR MBN WSA PAN MCR AGO all started mining production using massive debt & funding to build mines and MILLS, their SP went up 10-20 x MBers.

it all started on the offtake and debt signed and paid over to them and the engaging of real building contracts with the prospect of real revenue and FCF margins.

Some went from $100M MC to $4,000M MCs and FMG even more than that.
it was ALL led by east coast & yankee/chinese INSTOs & not AFAF or western battlers.

We have 2 major INSTOs that have been buying in HSBC BNP & Citi has been trading.

There are many Ni owning INSTOs that are absent here like NatNom Comsec, ANZ, Westpac, JPM Morgans UBS Pacific. They will choose to ignore or join the bandwagon with Padley & us.

the CEO says he is "super super super BULLISH" and that the SMART MONEY & HIGH NETS have been moving onto the share register,
he knows what he is talking about.

Watch the INSTOs, the volume and the INSTOs reaction.
They will decide what POS is worth not AFAF or BMM as usual.