Think the problem with MLX share price now is that we have run out of marginal buyers above 35c. Everybody who wanted to be long is already long without capacity to add more - no matter how undervalued the share still is at the moment. So the only way we can expect any further appreciation in the near term is additional catalysts coming online, the most powerful catalyst being a share buyback program. Good results alone probably won’t do it. We already got those and they will get better still. Anyone seriously following the stock should know this. So creating that marginal buyer at above 35c is what’s missing …
MLX Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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