the new shares are subject to hold commitments, they cant sell for a couple more months. never mind the overhang as theres other 300 million shares outstanding that could be sold

the new years rally / pullback is not unexpected

whats holding ML back now is the price of copper, moly. if you look at the 1 year copper chart you can see a triangle converging to the right, with upper and lower boundary getting tighter. copper going nowhere fast and probably down after then