You're right about the solid resistance at $33k on the Tin price. The draw down on the SHFE stock also seems to be slowing. It's hard to see a catalyst for MLX to go much higher, but the buyback should provide a solid floor. Barring some dramatic news I suspect we'll be range bound for a while, it's a pity all the supply constraints seem to have aligned with a drop off in Chinese demand. The only excitement on the horizon at the moment is a bit of M&A... which could go either way!
Ann: Update - Notification of buy-back - MLX, page-38
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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 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |