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MATRIX METALS LIMITED (ASX:MRX) - sad , page-4 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MRX
Click for more information
0.00% 0.7¢ matrix metals limited

sad , page-4

  1. Westhx
    5,221 Posts.
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    23/06/08
    14:30
    Post #: 3895488
    Hartley's will be putting out a new research report next month but so far they have had no impact.

    The production increase to 9000 tonnes is a certainty but it has been delayed due to staff availability. MRX will announce the production increase next month.

    Company is currently trading at a PE of about 4.

    Linc (there 2nd largest holder) was forced to sell shares and that started the current slide.

    There are many just waiting for this thing to bottom from a technical perspective and it could jump very quickly.

    It was trading 3 times this price when copper was just $3.20 so fundamentals are not in play here.

    I will be buying more as soon as the stock has three up days.
    MRX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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