Mmm I'm not as positive as you are, mining activity needs to...

Mmm I'm not as positive as you are, mining activity needs to boom somewhat for BLY. If you look at weekly charts for copper, gold, the bloomberg industrial metals index, and bloomberg commodity index, prices are steady or recovering but certaily not in a convincing uptrend.

As for being rescued, their financial numbers are still deplorably bad. The debt is HUGE and they are still making a loss each quarter. The fact losses are narrowing is good but a loss is a loss; in an absolute sense it's unsustainable!

Anyway I saw some more positive news today. Another metric to monitor is the action of big miners who have 10 year rolling plans (take heed BLY) and make long term decisions. This article indicates BHP is obviously bullish on copper: https://www.sbs.com.au/news/bhp-buys-into-ecuador-copper-gold-project

I like conspiracies though. Maybe Freemasons are driving price lower so they can take it over!