its not unusual to see good company's retrace after a large run up in the sp...
fibonacci retracements etc are common and can be healthy. good company's generally grip, then rally hard from such retracements.
i continue to think its a bit rich for the same poster (Nic) to say MTE has overshot when only a few days ago he was discussing an article in which Yanzhou are targetting one of MTE's neighbours (Syntech) for between a few hundred million $$$ to $1 billion +++ when MTE are clearly going to have a much bigger resource.
MTE are well on track to be compared with BND in making claims to holding the largest undeveloped coal resource of any explorer in Australia.
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its not unusual to see good company's retrace after a large run...
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