Been waiting for an opportunity since late last year. Looking attractive at this price. Bought another parcel this morning. My trading notes:
"Metals prices to improve when strong US dollar weakens. Renison ore sorter will improve economics of Tin mine and Nifty Copper mine is now in much better shape. Cobalt heap leach operation is also approaching feasibility design stage."
How can the US Stock Market continue to levitate with US QT and EU QE tapering? Mining stocks showing early signs of breaking out of long term consolidation pattern. Time to get set or watch in disbelief as the long suppressed market have their way. I am patient if the marco situation take a while to develop.
MLX Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
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