RIO director says he is "confident the 40 mill debt possie is manageable" ..... if that aint a kiss of death dont know what ...... next major support level is 28-29 for mine. Moody likely to downgrade
OZL also has a 500 mill or so debt and its ZFX cash inheritence dwindled to nothing. U have to start asking Qs. Whats up with Prominent Hill? 40 then 20 if it dont hold are the next tech supports.
That takes care of ex # 2 and ex # 3 Ozzie miners.
It will be a case of who is left standing to attract the massive volumes of global paper looking for homes in the paper burn driven resources third primary upwave which will prob be the driver for the megabear 4th primary bounce after megabear C is over some time mid next year (?)
Shize, the boys will acrtually be able to say we aint the worse performer at coming EGM whenever that is going to be. Meanwhile so much QUIET about our production streams !
There aint many Olympians around directing our mining industry hey?
I'll stick to nibbling away at my next (hopeful) boomers ....the U-boats
IMBOOC
CMR Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
