March 13 not great for miners

A WEAK metals price lead has seen resource sector equities given some selling treatment, with the Metals & Mining index falling about 1.3% on the ASX 200.

March 13 not great for miners March 13 not great for miners March 13 not great for miners March 13 not great for miners March 13 not great for miners

All traditional segments of the mining market were in the red, as investors averted their gaze from all the mainstay miners.

The exception was the lithium space, given Altura, Galaxy, Pilbara and Orocobre were four of the best five performers among the larger capitalised mining stocks.

So far as the juniors were concerned, Minbos Resources (MNB) was up 50% in late trade on light turnover and even lighter newsflow … as in nada.

Minbos has never had much to say at the best of times, and given the basis for its existence is a phosphate project in Angola, maybe that non-communication strategy is akin to the saying that it’s better to keep one’s mouth shut and be thought a fool than to speak and conf...

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