MRX 0.00% 0.7¢ matrix metals limited

re:ann.out, page-4

  1. 5,391 Posts.
    actually someone dumped a million shares after market close into the 11c bids...my bid got filled at 11c for 250,000 shares.....cheers JAM
    I suspect the sell into 11c was due to potential US employment data which came out last night....employment figures released show it has hit a low equivalent to figures in 2003.....seems like there is so much data that gets released in the US that it allows traders to buy and sell agressively knowing the results of the data will affect the indicies........at the end of the day it comes down to whether a company makes profit and MRX are in that catagory.....plenty to look forward to with MRX with u[pgrade taking place as we speak and quarterly results for december out in january....glencore having a 100% offtake agreement means that MRX will receive cashflow for years to come....the only risk is the spot price of copper but as we all know copper is a necessary base metal and will persevere in years to come...anlyists are saying that copper will stay firm for 2008 due to demand in china , india etc....cheers JAM
 
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