Above the sell side, at current price, the sell larder looks comparatively bare. On the buy side not far below current price there is a big list of buyers. Think whoever is selling just now is going to be sorry. The cash flow for Mar Q is secured with sailing and delivery to smelter in January, and although there has been a drop in production this quarter it will affect the sailing in the 2nd Q , copper price is quite a bit higher than January. The price point for the January delivery was off the 5th Jan bottom in copper.
MLX Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)