MRX 0.00% 0.7¢ matrix metals limited

bottom formed! accumulation?

  1. 895 Posts.
    Seems a bottom has formed at about 6.5c as i posted the last week.
    Looks like a few sellers still hangin around, may well be a good time for entry? Any thoughts?
    They seem to have aquired some good ground in or around Mt Isa. Being close to the Valhalla, it would seem to have great potential. However i am not a geologist and don't really have a clue on the potential, but i have seen shares being next door to others and the price rise on the back of those who do the work to get the reserves.
    I wonder how this one will go being so close to smm and pressure on the government to re think its U stance.
    Seems also to be a dangerous stock as they have cash in the bank, and other copper assets?
    The market does not seem to like management or something about this stock at the moment or brief past. Thus the risk.
    I have taken a small position in the share as a specky, with good potential in a market that still likes U.
    DYOR and good luck.
 
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