I am not a share holder of MLX but love the assets and potential. 26.5 cents, that's almost 50% discount but now 22 cents,so when is the end?. I have done bit research and the answer is--Nickle price IMO.Recent share price fall is much related to Nickle price correction/or over market sentiment if you like. Nickle price is in down trend since May and possible heading to $20,000 first and then may down further to $18,000 base on chart.That is subject to overall world economy. If we believe that's the reason then MLX price could fall to 19 cents and 15 cents. Nickle asset is the key drive of this company,it has been 3 years(I think)but the company is unable to find someone to fund the project yet.I really need someone to explain me here. Remember stock traded around 11 cents 12 months ago.Today,the fundamental hasn't changed much. Your feed back plaese.
MLX Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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