I'd reckon the correction was mainly due to short profit taking and covering. New director appears to be doing all the right things and executing confidently.
There is less likely hood of dissapointing news now that the needle is slowly turning on the cash flow and with the chatter about multiple stopes operating there's lots of room for improvement and capacity at the nifty mill. There is an extensive exploration package in the Patterson region and other confirmed prospects at maroochidore? Mlx is trading at book value,26-7 c the bare bones value of the tangible assets. Will be interested to hear some more +I've news in the weeks to come.
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I'd reckon the correction was mainly due to short profit taking...
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $385.5M |
Open | High | Low | Value | Volume |
44.0¢ | 44.0¢ | 43.0¢ | $429.8K | 988.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 201402 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 23408 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 195402 | 0.430 |
3 | 130000 | 0.425 |
4 | 120635 | 0.420 |
1 | 40200 | 0.415 |
3 | 104500 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 90056 | 2 |
0.445 | 255448 | 3 |
0.450 | 115000 | 3 |
0.455 | 108596 | 2 |
0.460 | 215588 | 6 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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