Trading looking good, I believe we are seeing some punters exiting before reloading for an additional price increase next week. Im now expecting a SP end of 0.55+ leaning toeards around 0.63.
Two events occurring
- Site visit which occurs next weeks
- Minung license to be granted in the coming months, we should see the application issue possible after the site
For me this stock is becoming into valuation, but upon the end of the sute visit next week, i will again continue in the basis of undervaluation.
If all goes to plan, expect a clise greater than $0.80 by the end of the financial year.
MVL Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
