chart holding around 1.28, the CR price.
Bulls who talked of a run from 1.40 to 2.80 nowhere to be seen as expected.
Likely were selling when telling you to buy.
Its in a plateau phase here at 13 year highs after those large $60M CR at 1.28
MCR management happy but LTHs not so as the run is over and weighed down by the dilution & cashing up of shares at the highs.
Still $613M MC is impressive for a small high grade operation with smaller resources and no processing plant using 35% expensive BHP tolling.
NP lower but hasnt responded to this as yet.
Reality will set in.
Buy low sell high imho.
Chart - MCR, page-180
-
- There are more pages in this discussion • 715 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)