I think what might save the day is copper prices. they are back to July levels and a lot of analysts believe it should push a lot higher so I think there is two ways this plans out
1. company's who need a large copper mine and has the money to put in it will try and do a TO.
2. this starts getting bought as it's cheap and see the price recovers and maybe we see the price return back to normal levels.
there is going to be a time when people go look at mlx it was a 15c stock now 60c
Ann: Nifty Copper Operations Update, page-68
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Last
49.5¢ |
Change
0.010(2.06%) |
Mkt cap ! $443.8M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 50.0¢ | 47.3¢ | $1.594M | 3.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10749 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 309380 | 3 |
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| MLX (ASX) Chart |