Ore with 62 percent content delivered to Qingdao retreated 5.4 percent to $52.28 a dry metric ton on Monday, extending last week’s 11 percent tumble, according to Metal Bulletin Ltd. Prices, which entered a bull market in April, fell an eighth day in the longest losing streak since Aug. 29.
in other words, all over red rover. Hard to see a capital raising getting away on this trend. How is the board going to explain its decision to burn all the cash by reopening mines?
AGO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
