I have little interest in the top 20, just focus on the fundamentals, which still look excellent.
The only one negative re MLS is the number of shares and oppies on issue, many of which were issued at lower prices! This means there is a good chance that at these current levels there will be plenty of selling! However with the good news that the company is providing these sellers are being met with buyers and I would say solid support at around 9c is now in place.
More good news will continue to bring the buyers in and soon enough the sellers will have sold and you will see mls start its next leg up! I don't think that this is far away either.
As t4p pointed out the uranium update was massive news and the market hasn't quite worked that one out yet! As more news comes you will see mls being re-rated and hopefully when the brokers bring in the institutional buyers you will see many shares taken off the table!
I predict a rosy future for mls!
regards
MLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
