MLX metals x limited
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This announcements confused me1. They raised money for copper....

  1. equityma
    2,185 Posts.
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    09/09/19
    17:41
    Post #: 40361535
    This announcements confused me
    1. They raised money for copper. Bad
    2. They announced a board spill. Ok
    3. They announced a MOU from Samsung. Even
    4. They announced good tin exploration. Even
    5. They announced Chinese tin production cuts. Good

    Nothing seems good outside a rise in tin price.
    This is a truly momentum trade and It won't last long.

    Yes they could turn around the copper play in the future but nothing is attractive at the moments.
    Last edited by equityma: 09/09/19
    MLX Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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