MST 0.00% 0.1¢ metal storm limited

Hi BRRIf you look at the MTSXY overnight at 0.07 - this is for...

  1. 259 Posts.
    Hi BRR

    If you look at the MTSXY overnight at 0.07 - this is for each ADR bundle of (20 I think) shares - so that equates to 0.035 each share if my bundle maths is correct.

    Also if you look at the MTSXY chart for the last 6 months it sure 'looks' like a turn off the bottom is occurring - some charting specialist may comment.

    Given the ASX price is fluctuating around 0.001 and 0.002 under serious volumes, and given some two big 30M and one 51M buy orders lurking back deeper in the current 0.001 buyers ....and given the MTSXY story in context (higher than our market) ...... it is hard to believe the local ASX momentum can avoid busting out 'soon' into permanent 0.002 and then cautiously to 0.003 at least before the May AGM? That said, the 0.001 sellers will do what they have to do first, but I can't see why the bulk of them wouldn't just back off and run with 0.002 as well - it's not like there will be no buyers at 0.002!
 
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