Holding up reasonably well, thought about taking a little profit after the China downgrade, but too much upside left. Probably add to position if anything.
As China shifts more towards a domestic based economy, it is normal that it will come of the boil. At even 4% growth, that is still a lot of IO and Cu required each year, not to mention the other BRIC economies.
Just a matter of time, low cash burn and a stream of big marketable projects to sell. MEP know this game as well as anyone.
MEP Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
