There were some signs in the last quarterly that things might be improving at Nifty. If Cu exceeds Nifty's AISC (whether due to cost reduction or price increase) I think we'll be looking at MLX $1+ again. MLX has all the new technology *base metals.
The biggest risk is the trade war. It's a real gamble to buy before March - but maybe there is time for a quick trade? You can see how much MLX moves on any good news, and it seems downside risk might be relatively limited (that said, downside can always be 0c!)
There were some signs in the last quarterly that things might be...
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Last
43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $398.7M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |
