MNE 5.26% 3.6¢ metallum limited

"Can't see too much downside from these levels even if the...

  1. 9,819 Posts.
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    "Can't see too much downside from these levels even if the results at Taub turn out to be less than inspiring, which judging from the delay and lack of buying they could well be! imo"

    Its already drop >50% over the past month. I suspect it will drop by an equivalent amount again if the results are not positive.

    There is a balance between not catering to every ST shareholder (which in the current environment is probably close to 90% of people that are contracting them directly) and managing the market's expectations.

    Track record of this company is not great but neither was RXL until their recent find. It can turnaround but they will need to provide some encouraging preliminary results.
 
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Currently unlisted public company.

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