Yesterday's price action augurs well for the share price of MLL. This comes at a time when spodume spot price is also rising. Market capitalization for the company is relatively low, so there is room for the share price to run up before any deal is done.
I have not factored in management capabilities after the disappointment with the last lot. I am sure when things settled down fundamentals will play a great part in the pricing of the share. I like the low cost and the quality which MLL may be able to come up with.
It must be a couple of years ago when MLL reached a high of 84c. I won't look so far forward, 50% of that will do me being more realistic in the short term. The year of the RAT will bring us prosperity.
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Yesterday's price action augurs well for the share price of MLL....
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