This share price failure to break out is enough for me to sell out.
Is there concern about the management? What was the outcome of the Prior Floatation of the Tin company a while back? Did investors loose out and now with tin in MLX is the market concerned?
The share price has been high 90's cents so it has a lot to do to reach those highs again, why did it fall down so much ?
Tin does not appear to be a Main streem commodity and as long as there is enough demand then prices could hold up however if there is a setback with Tin and or the Tin Mining operation in Tasmania then the share price could be vunerable after this large latest rise. The nickel looks to me quite a long way off to production and there are articles today mentioning that the commodities boom may well be over by the end of this year,whether this is true I do not know.However I am Out.
why the price failure again to breakout
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Last
39.5¢ |
Change
0.015(3.95%) |
Mkt cap ! $357.9M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 40.0¢ | 37.5¢ | $753.8K | 1.940M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29195 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 110913 | 3 |
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| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |