MLX
Recent announcement by MLX... and their share price is nothing like AXE, AUZ, or ARL.
So with the fall today, I am topping up!
http://imagesignal.commsec.com.au/docserver/01908547.pdf?fileid=01908547&datedir=20171017&edt=MjAxNy0xMS0wOSsxMDoyNzoxOCsxMjArMCtjb21zZWMrcmVkaXJlY3QrL2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvUERGVGltZW91dC5odG1sKy9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw
posted by Club Mulgoa @ 3:30 PM
2 Comments:
I didn't realize MLX has a sizeable cobalt and nickel resource. When I read MLX's recent announcement about it, I wonder how I missed that! Hence, I was a little late at jumping into its wagon or rather, jumping in again as today, I had two top-ups in my two portfolios.
The logic is, the mineral resource is as good as those that have rocketed, and today, it fell while the others have risen! Interestingly, MLX is one of the few miners that pays a dividend!
By the end of the day, the fall was neutralized. So I was glad I topped up when it fell.
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