TMM is bleeding cash, priced still too high !I guess the last 3 years of recommending to buy the "low" was incorrect !
Fundamentally, there is no case for the miners. They are bleeding cash, are in debt, and are cutting production to cut costs. They are actually priced too high for the current conditions.
TMM can afford to produce for 1-3 months before it will be forced to stop and start selling
remaining assets. Any buyers ?