MLX 2.33% 44.0¢ metals x limited

Ann: Annual Report, page-13

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  1. 20,482 Posts.
    lightbulb Created with Sketch. 2030
    Hi guys
    I am out completely . Most sold between 445-46.5 . My peak holding is was 3.2 m shares with an average of 28c . I reduced one parcel ( 900k) at 36-39 and 200k at 42 and the rest at an average of 45.7

    I posted not long ago - I was targeting a 30-40% within 12 months . I exited a lot faster with a much better % return .

    USD tin has tried twice to move above 33000 and failed and closed sub 32000 Friday so I expect it to take a breather ( including MLX ) I would look to re enter if it retraces to low 40s but if not and it keeps going up , good Luck to you all . It’s been a great stock . Hopefully nobody listened to the rubbish about APAC , old Peak and value traps - as I said at the time the SP movements are highly correlated to Tin price and the rest is noise. Once again this has proven to be the case

    all the best
 
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