I think we will see a positive turn in the share price over the coming days.
1. Market depth is become heavier with buyers as I write, exhibiting reasonable support around $16.00-$16.20
2. Shareholders who decided to sell since the special dividends and the merger of MLT and CHO have probably exited now reducing the downward pressure on the share price that was seen over the last couple of weeks
3. NTA is currently around $17.73 with the share price at a discount of more that $1.50. This is historically very low and will be revealed to the market in the next week or so
Good time to enter in my humble opinion.
Dreamcatcher
MLT Price at posting:
$3.24 Sentiment: Buy Disclosure: Held
