Can Nev be held liable on his constant $120 floor price preach if IO doesn't bounce back by Dec and investor lose lots of money as a results to it?
I understand CEO can make forecast but the way Nev preaches seems to be very convincing that IO gotta, and will be renounce by Dec.
First is shortages, then floor price, then de stocking and then of course stimulus......what next in the line to spruik the price up big time back to 120 in Dec? Very easy, do what the indon did to thier tin mine. Just shut it down until the the price recover. Can the IO miner stay solvent longer than the IO price stay " irrational". Lets see, time will tell and Christmas is only 3 months away.
God on ya Nev.
nev power expects io to rebound over $120 soon, page-27
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