Close to a bottom when you see loyal supporters chucking in the towel.
From my point of view, if I have this wrong, then I will have enough tax credits to see me out for the next few years.
I can't agree that management have botched this, the circumstances of a falling coal price and Glencore taking over Xstrata (Wandoan canned for now) is outside their control.
I think the team is just as shattered as we are. The only thing I am pissed about is at current prices Merrill Lynch would have easily done an off market trade into a willing buyer.
So why isn't the management digging into their pockets is a strong question to be asked.
MTE Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held
