I still see MOF as a solid investment, Along with IIF and GBG its one of the few cheap semi Bluechips left in the market.
Last time this had its rally to mid 30s i was in, I even bought back in at low 30s again and with it at 23c currently iv put most of my discretionary eggs in this basket again. Not all the economics look good but its moving in typical crest/trough waves wev all been told to look out for and id say from looking at price history over the past year right now is the bottom so im expecting the upcycle again soon, strong buy and strong hold from me. What do people think?
MOF Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held