Another red 1c candle today with a longer 3c neck once again.
Yet you still reject the TA and the BEARISH 10 month chart pattern plus the recent technically damaging breakdown under 136c!
You still ignore the NP UP 40% yet MCR down 50%!
"Stop trying to see a big bad wolf where there isn’t one."
BHP is the big bad wolf, the monopolist that tried to destroy FMG ANL & AF & competing WA mining industries.
BHP took over WMC & now OZL, it smashed Ni juniors for years.
even PAN turned on them & went with Trafigura & POS dumped their Mt Keith offtake in 2014
IGO & WSA wisely refused to give them 100% of their offtakes, only 50% each they signed for.
IGO & POS/PBT are now both planning their mills & new refineries.
UNLIKE MCR!
You will soon see the power of BHP here.
MCR is a BHP lapdog, 100% of its revenue and offtake are from BHP, its totally dependent on BHP tolling, milling and payments.
BHP is peeved with MCR.
Mark my words.
