I hear you mate. All the data and all the commentary were...

I hear you mate. All the data and all the commentary were pointing in that direction at the time. I am honest to say, that I got it wrong, and that is part of the learning process. This is the stock market, but luckily for those with time on their hands can be ready for the next cycle. If you need to sell, sorry to hear that because you have been a long term holder.

Anyway, talking about BMI, this as an old BMI slide. We have had a few surge and falls, the last is missing, and was predicted to be next before it happened.

At the moment a new bottom is forming at $13 - 15,000, good news as the bottoms keep getting higher. Hopefully the next peak will also be higher. The big boys (including LTM) have the market in their hands. None of the young guns can access any finance, unless they want to completely dilute all holders even more. The big boys can use the market and cashflow to expand and let the market balance get out of whack again. As we know, supply can't come online in a day. It is a vicious cycle. So much manipulation at play, sooner or later things will revert. When and where is a big question. However with EOY selling and positioning I would not expect much on ASX stocks until the other side (yes LTM is is US, but we seem to have some weight here too).