MST metal storm limited

I'd be surprised if it drops below .022 unless there is some bad...

  1. 938 Posts.
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    I'd be surprised if it drops below .022 unless there is some bad news. There is moderate support for MTSXY at .40 - .41 on reasonable volumes (for this share). Recently there has been a disparity between the US price and Aus price of over 10% probably just due to the $Aus increase against the $US, maybe that is dragging the Aus price down? With Mr O'Dwyer still selling quite a lot of shares into a very poor market, it is a worry. While he has every right to do so, I can't help thinking that it is one of the factors that is stopping any recovery of the sp because any buyers and sellers know that if the price goes up a bit there is a very high chance it will be pulled down again by more shares being sold by our largest shareholder. It seems a bit self defeating to me. It gives the impression he has no faith in the stock himself and is not prepared to wait till the financial problems are sorted out which would mean the company can get on with its business and we could expect the sp to improve substantially over time. However, there is some hope because as Moose has pointed out, somebody is buying at these low levels and supporting it for some reason, or dreamcatcher would be right and it would be down below .01, . . . . so we wait .. wait . . wait.
 
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