It really depends on the timeline you have plotted for your trading horizon. If you are looking for short term gains [i.e. a few days] then there are much better plays out there.
However, if you are searching for medium term plays [i.e. 3-6 months], then, in my opinion, MKO could be an interesting one to indulge in. At the moment, it looks like some round one investors are materialising some profits and this is normal. Management still hold their shares and are in the midst of giving an initial estimate on their MTT projects. I am hoping to see some news in relation to the start of a drilling campaign at Bullabulling and Windanya.
Buyers are building though...
http://cb.iguana2.com/netwealth2/depth/mko
MKO Price at posting:
21.0¢ Sentiment: ST Buy Disclosure: Held
