We smashed through the $US20k mark straight to US$21k on the LME last night. Tin Stocks on the LME also decreasing pretty quickly the last few days. The tin stock graph below is since 30 June 2022.
@SWILTD I like the analysis and predictions! However in my view, it is pretty obvious that the MLX share price at this point in time is heavily connected to the Sn price, and MLX share price predictions cannot be made without considering the Sn price. In my personal opinion we wouldn't see a reversal to 25cIF the tin price continues northward! Likewise, I'm not expecting the SP to continue to increase if we see negative pressure on the Sn price. However, having said that, the fast rising tin price, and fast declining LME tin stocks, it is my (short term) prediction that the Sn price should be increasing, which in turn should increase our SP. Don't forget MLX is an absolute cash cow with decent tin prices as seen the last financial year. All we can do at this point is hope the Sn price continues to recover.
MLX Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
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