Jimdotcom
You are right of course that delays in MCP opening are quite helpful in allowing LYC maintain the higher FOB prices. As soon as MCP starts producing that begins the convergence between China domestic and FOB pricing and that hurts LYC.
My point is the mindless bashing of MCP doesn't help LYC one bit. The assertion MCP could go to $5pps by the "author" lacks credibility and in no way offers any value to LYC.
That said, being 4 months plus late as LYC is, is not a firing squad offense. So if MCP is late 6 months that doesn't mean they are doing a lesser job than LYC?
In the case of appropriate shareholder communication LYC is far from perfect. Otoh imo Mark Smith has gone too far, is unprofessional and that damages his own case.
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JimdotcomYou are right of course that delays in MCP opening are...
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