It is all about valuation and how long someone willing to wait for the end game. Big project always win in commodity business... IMO at this price, it is low, would be happy to scope up some more if it go lower.
Glencore reluctant to restart its Zn mine is sending out a strong signal, shortage is here to stay, Zn price is likely to go up more b4 any sizable supply can kick in.
We are dealing with a junior miner, sp is going to be volatile that is only common, sentiment can change pretty fast once sellers dried up. Unless, someone believe Zn is going down, then all Zn co. should be sold, not only MCT. I willing to be a contrarian with this one!
It is all about valuation and how long someone willing to wait...
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0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.486M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $4.282K | 2.151M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 147369981 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 1803034 | 2 |
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| Last trade - 11.19am 28/06/2024 (20 minute delay) ? |
| MCT (ASX) Chart |