MRX 0.00% 0.7¢ matrix metals limited

any ideas of when the anouncement is due to come o, page-3

  1. 2,911 Posts.
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    Frankie,

    I'll just put in my two bobs worth for Z.

    MRX is in the middle of multiple big announcements, the last of which was the 70 metre wide copper seam.

    I am led to believe more drilling results are imminant, and as a result of last reslut expected to be very positive.


    I believe funding is to be confirmed in the coming weeks.


    Regardless of all this, as a technical trader I am strongly on MRX (the only stock) on the basis of the hugely positive and bullish chart.


    Whilst it may well trade sideways over coming days, I would not be prepared to lower my holdings for fear of missing a run which I see going to $0.20 short term.


    I note copper price up last night, indicating a period of consolidation as opposed to correction.



    Baillieus, by the way continue to be very bullish on the. Ray Chantry the premier mining analyst for Australia -
 
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