Mining shakeout days are coming

Here’s a piece of advice your stockbroker has probably not passed on. Close to half of Australia’s mining stocks are now trading closer to their 12-month share price low points than they are to their 12-month highs. What does this mean? That the boom in mining shares is over, and we have entered the shake-out phase when takeovers become part of the game, and cash is definitely king.


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