I liked the relationship between offers and bids at the close on Friday - also the double bottom on the daily closing price chart and that we have tested that bottom the last two days.
It is quite a liquid stock and anything could happen - the open on Monday and then the price at 11.30 and again after the broker boys get back from lunch might tell a story.
I expect some traders will be hanging around.
If there is any life in the M&A we might see a pump in the next ten days - otherwise if the acquisition is put to rest I think we will see clear sky with the gold price as the catalyst.
Good time to buy was my decision. Now that I am in I can talk without being accused of manipulation.
MLX Price at posting:
92.5¢ Sentiment: Hold Disclosure: Held
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