MZI 0.00% 1.6¢ mzi resources ltd

Ann: Quarterly Cashflow Report , page-4

  1. 7,207 Posts.
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    hi ryrymurph

    nothing unexpected in quarterly, pretty much on target for Keysbrook.
    the next month or so is big for MZI, off take agreements should begin to be signed off and finance should be finalised.

    once we receive news on these, imho SP should really start to move.

    dont think there is much doubt SP has been kept in this range to try and accumulate cheap shares, notice the 3.44 million was removed from 3.9c sell pile yesterday and replaced with a 4 million sell, standard stacking practises.
    once off take and finance signed off think it will be exceptionally difficult to hold under 3c.

    notice last 4 days has created a descending volume triangle, perhaps lining up for another crack at 3c in the near future??

    all my opinion, DYOR!!
 
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