Brenden has done an excellent job keeping us uptodate with the tin situation and MLX in generally. With every positive news he picked from somewhere around the world, the SP slipped. If the positives can't hold the SP I won't dare to think what would happen when the positives stop coming and worse if the negatives start emerging.
IMO, APAC and Jinjuan were behind the strong run on MLX. When Rudd warned the Chinese about aggressive takeover of AUS resources, the buying slowed down. IMO, when Rudd clarify his Chinese investment policy and is not anti-Chinese we can see a return to some solid SP. Meanwhile, technical selling (stop loss, lower lows, downward momentum, support level fail) will push the SP down. DYOR, My opinion only.
Have the mining stocks in TSX fallen as much? Can someone shed some light on this?
MLX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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