RE:Incredible Wealth Destruction EOIM wrote: All longs in this stock have been destroyed!!
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what a poor post! what are you talking about?
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within the last 3 years:
NML came down 88.2%
ADI came down 82.1%
ADV came down 66.1%
AXI came down 92.1%
CEV came down 96.7%
FEO came down 94.2%
FER came down 83.3%
LIM came down 99.4%
CHM came down 78.4% and after the merger: CIA came down 36.7%
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so, the whole mining and iron ore sector is down and you are referring that only to NML?
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NML is solely the company with the most progress at their projects (DSO project in production and in the ramping up phase & after releasing the FS the Taconite project is at financing stage). Of course there are delays and cost overruns, but the competitors first have to make it better. i believe a good part of delays and cost overruns are customary in the mining sector, so the competitors will face that, too.