So someone has pulled down the shorts, and they have to cover, to protect their nuts, before they get crushed.
LME shows low stockpiles after late 2018 doom and gloom, but now we see demand increasing.
With all the recent hype about 50% EV by 2030 etc., blah blah blah, and BOD with nah nah nah, T/O target.
Get effacious management in place before next report, (which will include deferred shipments/payments), and all the fund managers etc., will be all over MLX, after they smacked it down after ASX questions.
By July, back on track. Bought at 0.24, and will hold.All IMHO, and stated in the best possible taste, on topic, and completely compliant with expressing a view in this forum.
MLX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)