Great to see the SP free fall reverse. Let's hope the upward momentum is sustained. The SP needs to gain some critical mass even though technically there is another 4 weeks of potential sell downs before June 30.
At some point, the market must heavily re-rate this stock as lesser competitors have continually out stripped its SP performance. The vertical integration makes for a robust business plan, now we need to see cash generation to really impress the market and dispel any lingering management concerns.
Sure l have been vocal many times about a paper loss holding MXC, but through it all l held every share tightly and continue to do so. I hope the next 6 months will be a company maker. Let's hope the market wakes up to the real potential value locked up in this stock.
MXC Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
