MAT 0.00% 13.0¢ matsa resources limited

True, many small goldies are sliding south after climbing fast...

  1. 1,384 Posts.
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    True, many small goldies are sliding south after climbing fast for nothing... Every time they hit something shiny they fly...
    The llikes of DEG and BGL are advancing nicely.. But still they are not mining...
    MAT is mining and exploring and moving forward in most aspects and SP is dropping back and firmly stuck between 13 and 17c
    If one wants to play the pips that's a 20 to 30 % margin.. Not bad.
    I suspect one of the major shareholders, an investment outfit/broker, is pushing back SP to stop it running hard before they are ready to pounce or to facilate a takeover...
    Everytime there is good news they come out with big sells and scare the pants off the Dads & Mums looking to get in...
    I took my MAT share out of the bottom draw to see if they ll run with Gold price.. Didn't happen so straight back into the draw and I ll rest my case...
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