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
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