Hi Maggie,with the slow but ever increasing price of copper and its low PE ,it must be one of the brighter prospects in base metals.Yes soon as the Congo's license issues is finally settled confidence will return and the share is likely to rise more rapidly.In my book a buy,i'm holding!
I agree with Barry. I am also holding , with the expected upturn in copper prices , world economies improving , MTX sell-off of non core assets to ease debt. I see this share at least trippling in value over the next 17 months
Ally, do you think the market will move up soon? If you do, the go long, but if you think the market is correcting and going down don't buy. Don't expect any special treatment when the market tanks. MTX is not that special, and remains a speculators share. I won't buy long term unless there is a convincing close above R3.95. A small amount for a quick gamble is a different story.
but do they need more money - this is the million dollar question that is holding me (and I htink a few of hte institutions) back. IF not, a great, great prospect - profitable at these production levels with a massive ramp up potential ahead and well hedged
I can see why Terrence is focusing on DRC and letting "non-core" (Whatever) assets go, copper is going to be in short supply very soon. http://www.miningmx.com/news/base_metals/Copper-entering-a-bull-phase.htm Metorex is going to recover very quickly, I honestly think that the bad news from earlier this year is keeping them down, their results should show a better debt book but in 12 months they would have erased their debt and making huge profits, 24 months I see a 5000 price for MTX,