This is true but also not reflected in recent tin price moves, probably because this is when most alluvial is mined regardless of Indo export ban and the fact manufacturing disruptions would also be causing a demand drop. Think weakness in both MLX and tin will remain until the inflation/market implosion fears subside a bit.
So while I still hold a few MLX bags as well (I also thought 49-50c was going to hold as support) I would not be repurchasing more just yet. Tin price not seasonally strong until Nov-Mar period and I would suggest with market sentiment where it is, it is worth considering sitting on sidelines for now, probably until just before Sep quarter comes out showing the mucho $$$$ from high grade mining. As binwood pointed out, at that point, our EV will be looking mighty attractive and it should be coming into a rising tin price depending on what happens with market/world in mean time.
- Forums
- ASX - By Stock
- Discussion on SP
This is true but also not reflected in recent tin price moves,...
-
- There are more pages in this discussion • 589 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
38.0¢ |
Change
0.010(2.70%) |
Mkt cap ! $344.3M |
Open | High | Low | Value | Volume |
37.5¢ | 38.3¢ | 37.5¢ | $305.0K | 805.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 434694 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 84796 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 214694 | 0.375 |
1 | 99851 | 0.365 |
9 | 166969 | 0.360 |
5 | 286633 | 0.355 |
8 | 107572 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 78000 | 3 |
0.390 | 155648 | 4 |
0.395 | 55000 | 1 |
0.400 | 68866 | 4 |
0.405 | 12340 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |