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MTX - Flying over the last few days

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Regular Contributor

MTX - Flying over the last few days

This share has been really moving upwards in the last week. Will it break 7 rand?
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16 REPLIES
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Re:MTX - Flying over the last few days

Well I am still long - but unlike my normal strategy, I am using the ol' buy the rumour, sell the fact approach. As soon as details emrge on their cautionary, I will sell.
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Contributor

Re:MTX - Flying over the last few days

Who knows? It might just hit the R20's like it did before......
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Frequent Contributor

Re:MTX - Flying over the last few days

You're right Harley. I bought at R11.70 a long time ago but the chickens will eventually come home to roost.
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Frequent Contributor

Re:MTX - Flying over the last few days

Hi Can we see the R8 mark soon?
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Regular Contributor

Re:MTX - Flying over the last few days

Rumour has it that there are 3 interested parties that want to buy Metorex (Vale , Chineese bidder , 3rd party unknown as yet)
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Re:MTX - Flying over the last few days

Offer expected to be at around R7,50
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Super Contributor

Re:MTX - Flying over the last few days

WELL there you go VALE at R7.35! Such a well-kept secret.
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Regular Contributor

Re:MTX - Flying over the last few days

Does anyone know what the value of the Sable Zinc operations is?
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Contributor

Re:MTX - Flying over the last few days

I am actually dissapointed with the offer of R7.35 from Vale and do not believe that this is great for shareholders. I think it is great for traders who have had a nice run in the last three weeks. The business is starting to produce good volumes and now Vale will extract good value for themselves. If the offer was more I would be more enthusiastic. Also I noticed that there was a R75m penality fee if the directors change their minds or do not continue to recommend the offer. That is also not good for current shareholders.
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Regular Contributor

Re:MTX - Flying over the last few days

I agree , the offer is not at all fantastic. Anyone knows the value of the Sable Zinc operations?
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Frequent Contributor

Re:MTX - Flying over the last few days

I'm a real newbie in investing and MTX was one of my earliest attempts (two others dropped about 10 % soon after I bought), so I was quite impressed with my 15% return to date and catching up to my previous loss. However, what do I do now? I just don't have the experience to know what to do do now..
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Frequent Contributor

Re:MTX - Flying over the last few days

Keep or sell
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Frequent Contributor

Re:MTX - Flying over the last few days

And only you can make the decision.
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Super Contributor

Re:Re:MTX - Flying over the last few days

My general philosophy is ride the winners and dump the losers.
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Re:MTX - Flying over the last few days

7.35? This offer is ridiculous, i'm really dissappointed the board's accepting this offer. Vale is laughing all the way to the bank.
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JJD
New Contributor

Re:Re:MTX - Flying over the last few days

NOT A EXPERT, WILL VALE LIST ON THE JSE OR IS OPPERTUNITY LOST TO INVEST IN COPPER FOR SA CITIZENS?
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