Hey Matty,
Agree mate, the tide is turning and shorters no longer have a strong argument for continued downside risk and can no longer play the usual IO supply fear card which was flogged to death the last 18 months.
The Aussie deficit crisis i feel is a positioning to under promise and over deliver. As Australia reaps the rewards of its established mining production the world can only envy, I have no doubt the deficit will be clawed back from here on in.
Our battered mining industry is about to stand tall again in the current emerging IO bull market.
It seems majors are beginning altering supply 'growth' strategies to being leaner to provide better returns rather than supply heavy expansion models. Rio not budging. yet.. But it will..... Yes, more curtail announcements are possible
Holding long and Im glad having the opportunity to invest in BC Iron near the bottom of the market. Raising my class to a fantastic bull market. Mining is back in flavor again .
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