“When elephants fight the grass gets trampled” The U.S.A. And the rest of the world are fighting over tariffs and Australia is going to get squashed! It’s total chaos in the Stockmarket at present, everyone is getting a crew cut even if you do not want one. There may be some exceptions, that is MLX. No debt, and selling a resource that is in short supply, with our good old Australian pesos dropping like the proverbial rock. I think it will hit 50 cents before it’s all over. It’s my opinion, “not giving financial advice” that MLX will be a great port to be in, in this financial storm. The Stockmarket with the hordes of short-sellers in my opinion will drop another 20-30 percent before some stability returns to the market. The rumour I have heard is that Trump has deliberately tanked the U.S. market, to drive down interest rates as 9 trillion of U.S. sovereign debt needs to refinance this year. So Trump wants low interest rates not a booming stock market. Not a happy state of affairs but hopefully MLX which I have brought a lot recently can hold up.
Good Luck to all holders. “We will probably need it!”
Cheers Wang 44
MLX Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
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