MAT Looking Ready to Move

I haven’t posted on the MAT forum for a loooooong time.

I am neither a lover nor hater of the stock, merely a cursory observer and very occasional player – usually successfully.

It’s always interesting to return and see many of the same LT holders posting – well done on your loyalty. However, I am not as loyal when it comes to MAT; I just play it and call it as I see it. And this is what I currently see.

MAT has been in downtrend for over 3 years and I believe that it is about to break that downtrend. Here’s why:

• For the first time in the past 3 and a bit years the stock set a higher low (now it just needs o set a higher high).
• Imminent news flow from 4 fronts – Mt. Day, Killaloe, Thailand and Dunnsville. Success on any one of these should help the share price gain traction.
• A better overall environment for resource stocks.
• Who knows what other things out of left field that PP potentially has up his sleeve.
• The stock is being accumulated for the first time that I can remember in a very long time.

Something is brewing with MAT. I’m on board, which as I stated earlier and given my past track record in the stock, is a pretty good harbinger of an upward movement in the share price.

Let’s see if I’m correct.