MMX 0.00% 4.7¢ murchison metals ltd

have we bottomed ?, page-3

  1. 6,357 Posts.
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    Already made a low 44% off its 3.12 high of 3 weeks ago.
    Extraordinary!
    Trading not for the faint hearted.
    Problem is markets hit irrational territory on highs and lows,seems the sellers still in control here and some smart shorters have made an absolute killing.
    Its a perfect storm for the miners.
    Nevertheless at some point value must come into play and unless all bets are off for the infra and IO expansion there must be a value bottom here.
    I say 50% off from high at 1.45 should be a firm support.
    We shall see.
 
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