MEE metex resources limited

MEE and Gold profit taking

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    Metex Resources had some funny trades at the open - around 1m bought at 12.5 cents over the top of other bidders. Then almost immediately 1m offered for sale at 12.5. Macquarie have a significant stake - perhaps they are just manipulating a bit of profit taking before the end of the month.

    Seems like the whole gold sector is suffering end of month profit taking (today and tomorrow I would predict). So long as the POG holds up or rises this should be a temporary pause in the rise and rise of gold stocks.

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Currently unlisted public company.

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