MINMET PLC FTSE MNT

Investech quote from post 2569 - "...an approximate Horizontal trend". This 'horizantal' trend appears to date from about September 2001. Whereas the 'long-term' trend remains self-evident "...fallen 73% since the peak on 7 Sept 2000." Long term does generally mean, more than 3 months.

Naturally, there remains a hard-core on the various BBs, who will selectively quote, hoping that their 'ramps' will seem more credible. The full current Investech quote... "Has fallen 73% since the peak on 7 Sep 2000 at 40.00. Is within an approximate horizontal trend, which indicates further development in the same direction. Has reacted back after a possible false break of a inverse head and shoulders formation. A decisive break up through 12.02 will again give new positive signals to the stock, while a break on the opposite side of the formation will be a strong sell signal. High risk with an average difference between the lowest and the highest price of the month of 30%."

As for the Zinc, the scale and quality of the find remains unknown. No matter how rose tinted the spectacles, the meaning of 'unknown' stays the same. The low world price of Zinc is however a known fact. That some Zinc mines have closed, is a known fact. Startup costs for any new mine would be hard to justify. Selling the resource (if viable) is therefore more likely. Hopefully not until the Zinc price is perceived to have some upside. In short, more 'jam tomorrow', if we are lucky.

If you wish to know more about Zinc, try the following link. While some of the technical stuff posted on this board is informative (eg 2570), this board does also (unfortunately) attract some cowboys. Best to DOYR.