I don't follow this company, hence have not read any recent releases, but barring any expected bad news that has been released to justify a significant downward rerating of this stock, I think there is a chance of a bottom here due to today's high volume dumping. IMO only likely to go lower if there is a very large position being unwound. 18.9% of issue traded over the last 30 for 123.7c average.
It has been sold down slightly harder than my Ni index, I am guessing because it has a higher gearing to the Nickel price?
I don't hold and don't plan to buy any, but 100c could be worth a punt.
MCR Price at posting:
$1.01 Sentiment: None Disclosure: Not Held