MLS

8.33%

2.6¢ metals australia ltd

MLS Chart, page-128

First 128 Last

Share
Profile

Follow
Gekkowolf

2,402 Posts.

241

28/06/22

19:53

Post #: 62257962
Share

Originally posted by dc1234: ↑

You have a lot of valid points.

Regarding whether its truly gone or what value it has - in your post you have already highlighted everything.

I will not advice anything as market is severely down and there are still talks of recession. No one knows what's going to happen from here.

At the end of the day, its individual's risk/reward and expectation of what's going to happen. Each of us need to check for themselves what they have to do. So I am hoping you can make a decision for yourself what to do.

In my weekly report I track 43 stocks. One of the metrics I report is how much it has fallen from its peak. You can have a look and see if there is a pattern or how MLS fares against other stocks.

Also, another thing you can check is how much stocks have recovered from the bottom, just to get an idea of whether we are making progress at this stage or not. Eg MLS made bottom of 4.1c and currently at 5c - so roughly 22%. ESS made bottom of 31.5c and currently at 39c - roughly 24%. AGY from 26c to 32.5c today - roughly 25%. So you can see MLS is trading in a similar range to many stocks after hitting bottom - we still don't know whether that's bottom, but as of now. So at this stage recovery of MLS is similar to many stocks, if that gives any indication.

At this stage I am holding and buying. It may all go kaput from here, as you have pointed out. But in current situation and current sp, I am ready for a punt. It may work or not, I don't know. And I will keep evaluating as future unfolds. I see some value from risk/reward perspective, but that's my individual thinking, which may not turn out to be correct. All the best whatever you do.

Expand

Thank you DC. At least you don’t make personal attacks, and provide reasoning for your analysis. Unlike some others here who have to resort to personal attacks. They are quite insecure and immature by comparison.

MLS Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GRE

Drilling shows continuous Cu mineralisation at Whundo for Greentech

WSR

Westar wraps up field campaign at Mindoolah after divesting non-core assets ahead of 2025

Week 38 Wrap: US markets panic at 50bp cut; ALS’s minerals revenue slowdown; RBA path unclear

TMS

Tennant Minerals clocks high-grade gold, copper hits at Bluebird in the NT

FTL

Firetail executive changes set to propel development in Canada and Peru

SFR

Sandfire's latest drill run extends known polymetal mineralisation at the Sesmarias Prospect

DVP

Develop Global appoints GR to get Woodlawn copper-zinc plant online mid-2025

ASX Market Open: Aussie stocks follow US surge after Fed rate cut decision | September 20, 2024

CTN

Catalina Resources kicks off aircore drilling at Laverton project on the hunt for gold, REEs

HVN

Harvey Norman hit with a second class action – and shareholders, once again, don't care

There are more pages in this discussion • 418 more messages in this thread...

First 128 Last

Add MLS (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.002(8.33%)		Mkt cap ! $18.90M

Open	High	Low	Value	Volume
2.4¢	2.6¢	2.4¢	$6.398K	252.2K

Buyers (Bids)

No.	Vol.	Price($)
2	1065884	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	78037	1

View Market Depth

No.	Vol.	Price($)
2	1065884	0.025
7	1666664	0.024
4	1843043	0.023
8	3246180	0.022
2	167107	0.021

Price($)	Vol.	No.
0.026	78037	1
0.027	440000	2
0.028	350000	3
0.029	75000	1
0.030	504416	4

Last trade - 16.10pm 20/09/2024 (20 minute delay)

MLS (ASX) Chart

MLS Chart, page-128

Drilling shows continuous Cu mineralisation at Whundo for Greentech

Westar wraps up field campaign at Mindoolah after divesting non-core assets ahead of 2025

Week 38 Wrap: US markets panic at 50bp cut; ALS’s minerals revenue slowdown; RBA path unclear

Tennant Minerals clocks high-grade gold, copper hits at Bluebird in the NT

Firetail executive changes set to propel development in Canada and Peru

Sandfire's latest drill run extends known polymetal mineralisation at the Sesmarias Prospect

Develop Global appoints GR to get Woodlawn copper-zinc plant online mid-2025

ASX Market Open: Aussie stocks follow US surge after Fed rate cut decision | September 20, 2024

Catalina Resources kicks off aircore drilling at Laverton project on the hunt for gold, REEs

Harvey Norman hit with a second class action – and shareholders, once again, don't care

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

MLS Chart, page-128

Top Stories

Drilling shows continuous Cu mineralisation at Whundo for Greentech

Westar wraps up field campaign at Mindoolah after divesting non-core assets ahead of 2025

Week 38 Wrap: US markets panic at 50bp cut; ALS’s minerals revenue slowdown; RBA path unclear

Tennant Minerals clocks high-grade gold, copper hits at Bluebird in the NT

Firetail executive changes set to propel development in Canada and Peru

Sandfire's latest drill run extends known polymetal mineralisation at the Sesmarias Prospect

Develop Global appoints GR to get Woodlawn copper-zinc plant online mid-2025

ASX Market Open: Aussie stocks follow US surge after Fed rate cut decision | September 20, 2024

Catalina Resources kicks off aircore drilling at Laverton project on the hunt for gold, REEs

Harvey Norman hit with a second class action – and shareholders, once again, don't care

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News