Look anyone expecting a turn around this quarter will be disappointed but the management have clearly laid this out in the Nifty reset plan.
Price's have been stabilising since 5 months and neither the shorter nor the sellers have been able to push it further down which suggest a genuine support at these level.Now, all they need to do is show a Q on Q improvement in production with lower cost.The market is valuing Nifty at $0 and if the mgnt. can show that they can get their shit sorted then this is due for a re rate and if they somehow dont need a cap. raise like they mention then the sentiment of MLX will certainly swing to the upside.
personally , moving forward ,i do think fresh blood with higher tolerance to risk has entered the registry and old holders who were sore have mostly liquidated their position.this will be a 12month plus hold for new entrant when the production of 35k comes into play.
gd lk to all and I'm changing my sentiment to BUY & HOLD.
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Last
44.5¢ |
Change
0.005(1.14%) |
Mkt cap ! $403.2M |
Open | High | Low | Value | Volume |
44.0¢ | 45.0¢ | 43.0¢ | $1.725M | 3.891M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 34814 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.440 |
2 | 51960 | 0.435 |
3 | 101960 | 0.430 |
5 | 143727 | 0.425 |
12 | 239108 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 41960 | 1 |
0.455 | 150584 | 3 |
0.460 | 1000 | 1 |
0.465 | 52298 | 2 |
0.470 | 74250 | 5 |
Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
44.5¢ |
  |
Change
0.005 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
43.5¢ | 45.0¢ | 43.0¢ | 856676 | ||
Last updated 15.59pm 02/05/2024 ? |
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Dusko Ljubojevic, MD
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