Quick pics for reference. 1yr charts. ( Next post as they won't load with Android.)
Note the similarities in SP vs spot, however the underlying fundamentals of a small cap company , with ,at the time, 1/3 of it's mc as cash at bank , and the AUD/USD arbitrage, seems not to outline true value.
With the likelihood of the CAB being 50% of the mc, and a share price @.31, with forward growth in tin futures, this looks to be heavily undervalued.
Too with an average of 3million shares traded per day, it seems a cycling of shares was traded each day, in order to shake out any 'loose' retail shares, perhaps.
Sells into the bid lines via constant off market, 'hidden' asks, often associated after centre point trades just above or below the spreads, just smells of something not quite kocha.
This behaviour appeared to started in the .60 line and continued to where we are currently.
All IMO of, and I have been known to be completely wrong before. ( Just ask Mrs SWILTD )
MLX Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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