MSV 2.44% 40.0¢ mitchell services limited

The market is just being the market and short-term fluctuations...

  1. 77 Posts.
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    The market is just being the market and short-term fluctuations can occur for many reasons unrelated to the future prospects of the business and that's what is happening now.

    Thin volume, and people who have short-term investment horizons is the most likely reason for the benign share price right now.

    Another significant long-term contract with a tier 1 miner might be the tonic we need for a short-term kick to the price, but irrespective of that , ts the slow grind of deploying more rigs from the existing pool for 2 or 3 year contracts to large mining houses with no workplace accidents and no floods to disrupt drilling and we're looking at 5 cents share price this time next year.

    Hang on to this one and just look at the share price once a month.
 
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