Australia's largest stock trading and investment forum Australia's #1 stock forum

MYL

Click for more information

0.00%

70.0¢ mallee resources limited

MYL chart breakout, page-35

First 35 Last

Share
Profile

Follow
Lizzard

989 Posts.

65

15/02/19

19:22

Post #: 37454102
Share

Originally posted by Dave84: ↑

My view is that the recent rise in the SP has been predominantly driven by retails gradual realisation of the legitimate potential in MYL's exploration targets and existing resource. I see no reason we can't push well beyond 8c from this source of investment alone. This growing awareness is somewhat evident anecdotally in the number of previously unsighted users now posting in MYL threads. Improving market sentiment loosening the grip on withdrawn capital following the recent period of uncertainty has no doubt helped as well.

Insto's may be happy to forgo a lower entry point in exchange for reduced risk on the back of a sound PFS or further discoveries; understandable given they're generally dealing with large amounts of other people's money. If we continue to tick boxes that risk/reward tipping point will come.

Cheers
Dave

Expand

Hope you are right WRT to the new posters. New activity is good. However some of the new posters may simply be old heads like me who have suddenly realised their dud investment might be worth something. I was there in the Striker days before MED and when NT Uranium was spun off as TEU, then TND, then MYL. Once Gutnick was pushed out and we got some real projects like Bawdwin I decide to top up big time. Now have an average on MYL in the 6's and happy. Can't say the same for MED.

Still wonder what happened to all the old uranium project areas.

MYL Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 90 more messages in this thread...

First 35 Last

Add MYL (ASX) to my watchlist