MLX 2.47% 41.5¢ metals x limited

Managed to snap another bite at 24.5. That's me done for now....

  1. 256 Posts.
    lightbulb Created with Sketch. 30
    Managed to snap another bite at 24.5. That's me done for now. G20 over the weekend could be interesting not that I'm expecting much if any trade war truce, which would help the copper price I presume.

    Stock specific, Renison life of mine plan should be coming out in July and by the sound of things, the mine is operating well. The quarterly report later in July will hopefully provide some indication of improved Nifty production and reduced costs. A few quarters of this should be enough to see brokers upgrade price targets which will see fund managers hop back on board.

    Overall, I feel this is at a bottom and that there should be some clear air from here. No more tax loss selling, no more ETFs selling, no more change in management, no more capital raisings?

    The management team has a good track record in improving mine performance and I don't believe Nifty is worthless as implied by the share price.

    Good luck to all holders for FY20.
 
watchlist Created with Sketch. Add MLX (ASX) to my watchlist
(20min delay)
Last
41.5¢
Change
0.010(2.47%)
Mkt cap ! $376.0M
Open High Low Value Volume
40.5¢ 42.5¢ 40.0¢ $3.177M 7.644M

Buyers (Bids)

No. Vol. Price($)
1 10000 41.5¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 305543 4
View Market Depth
Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
MLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.