MRX 0.00% 0.7¢ matrix metals limited

The significant close at 9.2c on 23/11 has proved profitable and...

  1. 2,268 Posts.
    lightbulb Created with Sketch. 52
    The significant close at 9.2c on 23/11 has proved profitable and again the validity of entries pre announcments based on charting . Looking at the trading patterns now though something seems very fishy to me !! For the moment at least the selling side has been loaded and has put a stop on what should have been a sustained run up IMO . If I had a conspiracy theory I'd have to say IGO has loaded the sell side up to ensure MRX doesn't gain any further momentum . A Nearly 20% holding by them is pretty big - do they want to aquire MRX ? Well if they do they could be attempting to get it nice and cheap around present levels through a bit of manipulation. Wish I had the concentration span to stick it out but I don't . So out at 11c for me - i think some light will be shed from the AGM today though and I hope its good news for the more patient still holding. cheers.
 
watchlist Created with Sketch. Add MRX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.