short term pain, long term gain. consider the possibility of nickel and copper price bouncing up - market sentiment and reports of supply and demand seem to be pointing towards this in the next 12-24 months. China trade war ending would also be significant. Poor management through inadequate planning has lead this stock to these lows with a combination of other macro factors.
I took a position at $0.235. Possibility of MLX re testing $0.14 low and in that case I'll begin accumulating. Long term I see great potential for this diversified miner. DYOR.
Accumulating Levels
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $394.5M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.5¢ | 42.5¢ | $477.5K | 1.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 223 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 104353 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |