Since my last post 3 weeks back, MEI has done more range bound...

Since my last post 3 weeks back, MEI has done more range bound trading but in a slightly positive way, a touch of 25 as well. Though overall still positive, but not much significantly different. Since it first hit 20 just over 4 months back, it reached 27.5 in couple of weeks in May, made 500m market cap, but has not been able to break that level for quite sometime. I don't know the reason or significance, but watching price action I can see that and have been calling out regularly. May be one day it just bursts thru.

I have still not bought in, as no clear direction and also my other sector Uranium is on a tear and has kept me busy there.

For those interested how MEI is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 26 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-69886776