Hartley's will be putting out a new research report next month but so far they have had no impact.
The production increase to 9000 tonnes is a certainty but it has been delayed due to staff availability. MRX will announce the production increase next month.
Company is currently trading at a PE of about 4.
Linc (there 2nd largest holder) was forced to sell shares and that started the current slide.
There are many just waiting for this thing to bottom from a technical perspective and it could jump very quickly.
It was trading 3 times this price when copper was just $3.20 so fundamentals are not in play here.
I will be buying more as soon as the stock has three up days.
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
