Most people think the asx is hit and miss in these matters. I think many of the posts have been right over the target.
I think this is just more basic consolidation. We might even see another cup and handle? LOL
People who know the difference between SL Vein and Flake will be compounding well into the next phase of the mines life cycle in my opinion.
Looking at the Fundamentals; the Peer Group Analysis and a myriad other factors found to be highly predictive like Macro Drivers.
As well as the Tech Drivers like Batteries/Electric cars.
As well as Investment Drivers (More immediately relevant) Like Off-take Agreement; Licenses; Cashflow; ORE into GRAPHENE.
As well as the Capital Structure and Management....
It is not unreasonable to deduce more compounding and more long termers joining in.
Value will out and this overselling is irrational in my opinion.
Obviously because MRL Corporation is in Sri Lanka; a nation Counter-cyclical to places like Japan. It is not hard to predict in my opinion we are going to see even more Capital Flows into these safe harbor nations.
Could be 100% Wrong!
DYOR !!!
Kind Regards
MRF Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
