Another red candle
another daily low
another close near daily lows
another lower low & lower high, same pattern since April
now 122c
250c seems so long ago now
reality sinking in, capex burning, low production, guidance way too high, BHP not getting what theyre promised.
On PAN market valuation to production, this is worth 43c only.
Is the PAN valuation too low or the MCR one too high or both?
MCR has a habit of crashing. Saw it in 2015, was stunned and didn't believe it, now im a lot wiser.
Dont catch the falling knife. Wait for the flooring pattern, nowhere near it yet.
MCR Price at posting:
$1.22 Sentiment: Sell Disclosure: Not Held
