Looks a bit like a lot of the short term traders moved away when the consolidation was announced. Tin prices will rebound as the medium to longer term picture for tin is scarcity with big producers closing or shrinking and few new discoveries. Demand is strong as tin is critical in electronic circuitry and canning. nickel is in a big oversupply situation, so all explorers around MLX at Wingellina are selling their exploration permits for zilch.
No rush, needs big capital input not desirable atm.
Looks like US Congress has sprung Wall St banks using dirt cheap <1% Fed funny money to manipulate commodities markets for secret profits rather than lend to boost the economy. Not happy.....finally they are waking up to these tricksters. Might remove them from the paper futures markets which control the gold price. Its not smart to keep picking pockets when the policeman has noticed suspicious activity.....
Meanwhile lots of MLX activity at the new gold areas.
MLX Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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