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MATRIX METALS LIMITED (ASX:MRX) - a little joy, 3917350, page-5 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MRX
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0.00% 0.7¢ matrix metals limited

Mt Watson Stage 1 "Operating cash flow at $3.5m per 10c above...

  1. Troll
    831 Posts.
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    27/06/08
    11:06
    Post #: 3917350
    Mt Watson Stage 1
    "Operating cash flow at $3.5m per 10c above $3.90"

    He's probably seen the ascending triangle that has formed on copper futures since May 2006 and it's ceiling at $4.00 with a test of that ceiling currently being actioned.

    A break out of the $4 ceiling will put copper prices into play and increase cash flow for MRX.

    Mt Watson stgae 2 due in October by which time Copper futures could/should be well in play above $4.00 all being well.

    PP







    MRX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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