One for the chartists

  1. 10,543 Posts.
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    Might be worth a quick analysis guys.

    International Tin prices appear to be pulling back up off longterm lows and MBG is highly leveraged to upturns in tin price and securely hedged until late next year against any further falls.

    My research shows they have recently announced substantial increases in resource size and are now amongst the lowest cost quartile of international producers.

    Back to the chart. This is where my interest is. MBG may be showing signs of pulling out of a long term decline with demand and accumulation indicies all skyrocketing and price and momentum trending up nicely.

    It is a low volume stock but is now in production so risk at this level looks pretty minimal but as always do your own research.

    Disclaimer - I hold a small quantity but will be topping up on any pullback.
 
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