Chart - MCR, page-826

well there it is, the drop down ive been calling a while below the CR prices,
My call SPOT ON CORRECT AGAIN.
120-140c I called last year now twice hit.

today another long red candle closing near daily lows
SHORTS in CHARGE.
AF investment another losing doozy & he wont listen to me yet again.

Where are all you rampers now, cat got your tongues?

What no apology to all those punters who listened to you and not me after you humiliated and laughed at my BEAR calls that are now proven SPOT ON!

With this crack of the 136-140 support, my call was 120-140 now thinking it may go lower to 100 as Ive been mentioning before. The SHORTS are not done yet.
MCR lapdog has NO room for disappointment with such low resources, low production and NO MILL and high costs dependent totally on BHP tolling/offtake.

If PAN is 50% outproducing MCR (1500 v 1000TpQ) but is a third of its MC then either MCR is 3 times overpriced or PAN is 3 x underpriced. Looks like market thinking the former now.

Trading rule 3
never buy on the downside, don't catch the falling knife, you don't know where it will drop to, and it likely will drop way below you ever thought, wait for the flooring pattern, it will be boringly obvious.