MLS 0.00% 2.6¢ metals australia ltd

Just a little perspective on things. We're talking about...

  1. 563 Posts.
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    Just a little perspective on things. We're talking about effectively $4,000 worth of volume trade today and $58,000ish total including yesterday. Hardly big volume and probably an individual who is rebalancing their portfolio. Nothing really to panick about.

    In the scheme of things we still have $1m in the bank and a decent program of work for the remainder of this quarter and into the next. Management do have to get off their behinds though and provide the market with more clarity/transparency on how they're progressing against the communicated plan (something which they have not had a great track record of doing to date). I'll be looking to pick up some more in March at these current prices depending on how many pallets of Blue Label (JD not JW) I can offload at a tidy sum.

    IMO at the macro level, the global political/economic sentiment is about to swing around March/April to be massively favourable (least in the short/medium run) which begin to reactivate the demand side of the equation. How MLS benefits from this is largely determined on how well management is able to line up its ducks leading into this period.
    Last edited by Bastiroar: 26/02/19
 
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Last
2.6¢
Change
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Mkt cap ! $17.45M
Open High Low Value Volume
2.5¢ 2.6¢ 2.5¢ $18.31K 707.6K

Buyers (Bids)

No. Vol. Price($)
1 3934 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 109960 2
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