Yes, definitely sound reasoning..
However taking into account the future uplift of concentrate from Alphamin, and output uplifts out of Bolivia, with likely organisation of compliance out of Indonesia , you would think that there is a certain downside risk to tin futures in the near term, especially with the opacity of the tin trading throughout world markets, atm.
There is a rumour of tin being quietly imported to China out of Man Maw, circumventing ' official ' markets, which is definitely a bit of head scratcher.
Then there is a possible downside of worldwide demand throughout 2024, but that can be taken with a grain of salt.
My inference is that like 2022/3, volatility may return to the tin market yet again, which tends to send such an illiquid market into yet another tail spin to the downside at the drop of a hat, which could greatly affect the current SP of mlx, should it eventuate,
IF, however we see a base around 30 thou, and a shock absorber is provided by an uplift in electrification demand , then maybe we might hopefully see price action stabilisation above. 55., and the market is relatively informed of utilisation of an ever increasing bank balance. ( my belief is that much of the current uptick in the sp, is the market pricing In the buyback cut in the shares on offer)
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Yes, definitely sound reasoning..However taking into account the...
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Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $367.0M |
Open | High | Low | Value | Volume |
40.0¢ | 40.5¢ | 39.5¢ | $230.0K | 575.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 230001 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 333528 | 40 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 226427 | 0.400 |
12 | 270497 | 0.395 |
10 | 116952 | 0.390 |
5 | 226750 | 0.385 |
11 | 153040 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 333021 | 40 |
0.410 | 418019 | 21 |
0.415 | 188415 | 10 |
0.420 | 177254 | 8 |
0.425 | 153447 | 5 |
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