For a stock with nearly 300m shares on issue, there has been remarkably few shares traded each day. So the real run on this stock hasnt begun yet.
It has come a long way in a few months from trading for a few cents, to now be in the mid-teens. Right now, IMO, the market is unsure as to what value to put on it.
Just how good are the four iron ore projects? How big will the JORC be? Will the grades allow for DSO? How good is the gold project? How smart are management to maximise value? Will MDS draw Chinese interest?
Over the next six months these questions will slowly be answered. Further rises in the SP will entice profit taking, which in turn will improve liquidity, which in turn will attract traders, which in turn will see some spike-like runs on high volume.
This is all just the beginning!
:)
MDS Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held