Plant upgrade is expected to be completed this month. While the SP continues to drop, is it the insiders know the thing will not be as good? Or it's a tactical tree shaking before a true coming-back?
Apart from the annoying part of needing to maintain an overseas trading account, I feel ok with the takeover. That would put us in 2 coming-back re-rating stories: BDR operation improvement or silver price recovery. If the Chinese decide to fight the trade war to the end, USD could be kaput and that's when the PM get real re-rated. If I were the Chinese leader I would fight it. As we can see the US has backed down somewhat in recent Iran oil sanction, which they exempted China and other 7 countries. This could be the meaningful start of oil trade in non-USD, a start of ending of petrol-dollar era?
BDR Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held