Somethink else to ponder. We know mining lease is imminent and due for release.
17h August is date set for general election - usually a period leading up to causes business and civil disruptions.
Considering the above, is it reasonable to assume there will be movement on the lease this week?
trading activity will be interesting this week and are we seeing a green shoot for the possibly buying leading to some with a "slight" turn in buyer / seller sentiment. The indicators are at a neutral level. The SP is above the ST MA lines and hovering around horizontal levels. What is needed and is missing is volume. If we get that we could test the 6.5 c level at the MA200.
MRF Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held