Rhodes, your 28c prediction is spot on! New low 28.5 did break supporting line. 25/22 is not far way. Bad tax hit mining very hard and may affect jv as well (MCC, FMG stories). Weekly chart show sp is not bottom yet. EU trouble will slow Chinese export that can affect our mining too. Dark day is not over as XAO may retrace further to 4050 (50% Fib between L 3052 and H 5048). Worst case is 3814 = 61.8% retracement (but I dont think that bad).
MEO Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
