I don't think you could possibly do any reliable analysis on miz right now. They have been in suspension for ages and are fluttering in a stand off between 0.001 to 0.002. Makes it difficult to even make a commentary on technicals. Relisted and no trades as none wants to pay the "premium" of 0.002 and no one wants to sell at 0.001. Fundamentals will be the only thing that moves this up. Positive announcements only, that don't relate to securing finance. But relate to processing etc and positive cash flow. Then we may see value in this stock to a point... But every pip represents over a 3million dollar rise in market cap now. So if we were to hit 1c one day our mc will be over 30million dollars! Nothing so far validates that price (but just demonstrating that good news will only result in any rise and we have only just scraped by at this price with a stalemate - which is better than an exodus. But recovery from long term 0.001 is pretty bloody hard).
Also.... I think management have a meeting regarding tailings dam etc so they can recommence production (which has currently stopped). Not anything to interest market. Just a formality that hopefully we get through to get the plant running and money coming in... Hopefully we get an update and confirmation that all is good and the plant will be operating at full capacity. (with a set date etc. And no more excuses- know that's pie in the sky sort of stuff... But it would be nice to have transparency going forward). Good luck all. But we are months away from any major rise in share price imo. One or two quarterlies at least.
TTM Price at posting:
0.1¢ Sentiment: None Disclosure: Held
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