The talking heads are nearly all sprouting moving out of resources and banks as they look overbought, and back into REITS and tech.
TBH, I don't even think they even know about tin, or that there is an Australian company that mines any.
I think tin, even though it runs within the materials index, basically plays by numerous sets of rules, and is just too complicated and volitile for them to analyse and recommend to clients.
Also, metals X looks both fundamentally short term problematic, has a shared equity with a large Chinese ownership (sovereign risk by proxy), and a patchy history.
It's simply money for jam for large institutions, primarily overseas entities, to analyse BHP or CBA type stocks, than actually dig deeper.
One day maybe, but it would be better if we could just simply buy the JV out, in order to attract more sophs into the game, but that is financially and logistically highly unlikely...
MLX Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
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