BRL spiked to 3.15 overnight, NP now bouncing off 5.70 to 5.75...

BRL spiked to 3.15 overnight, NP now bouncing off 5.70 to 5.75 and the average is 4% up, so bullish for MBN SP , yet BDR lower n MBN in super desert mexican standoff mode.

the saturation point is here, ive been saying it for weeks, daily volumes dried up to less than 2M, hours on end 200K traded only, not even bothering to trade with themselves as they realised they are losing money down here, losing shares to cap, and losing capital value worth 50c at 13c.

Any buyers are waiting for news on offtake or confirmation of receipt of $20M crossover payments for that lagging stored ni conc in the tailings dam.

fundamentals have been undervalued and legacy issues hover like a shadow, ignored by market for not much longer. We just wait them out, they will spike it

Stick to the plan, dry them up down here, the buyers wait for the sign, the Wolf waits for us to capitulate, look at all those onscreen bids now, the offscreen bids even larger like on 6 may, 12M bids came from nowhere in 30min.

we will make more by waiting n sitting than impatient rashness, time is to wait strongly with conviction. The BRL has done its thing.

User23 has told us BRL to collapse on us$ strength n brazil recession with brazil central bank continuing its worl record setting currency manipulation,

did you know brazil interest rate at 13.25% is the 2nd highest in the world behind russia, both will drop rates dramatically next 12 months, BRL will drop hard toward 4.00, another massive 30% cop drop for MBN expenses.

As for a bid, at 18c or 20c wont succeeed, may get 20M shares but NH need 50c, what will get MBN SP to 50c? A 3 year chinese offtake deal, a new cornerstone investor like wellington or dividends n buybacks, a larger IGOlike bid at 50c or a massive cashbuild to dec n use of cash to retire connotes or buy refineries if cant get the norilsk n votorantim refineries by court order.

this concrete floor is excellent, no one is selling, lets make them believe we can keep it here to december, the Wolf will beg the board for news or bid it up to the higher range sooner or later.

Wellington n Pioneer must be spitting chips here, we cant get any cheap anymore! They whinge, Wolf says, phase 2 isnt working, we have to go to a new yellow brick road phase 1 again or a phase 3 rocket ride. Which one?