Rebel1 , I agree I think we will see a floor on the price. There is a lot of long term holders on this that havent seen a good return for some time , when the volume picks up and nears the 30 to 35c level imo the heavy selling will also begin. I have always thought that to realise the true value on this company we have to get bought out , theres simply too many shares on issue for sustained sp movement and worse throw in a volatile market and its every man for himself. No questioning the cash position,assets etc etc even copper in the mix. Also smart move for the company to buy back its own stock to scare off predators,hovering down near the early to mid 20s puts in real danger of getting taken with a low ball offer for what is really regarded as a $0.50c company imo
my opinion only please DYOR
MLX Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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