Australian (ASX) Stock Market Forum

MRX - Matrix Metals

Joined
Mar 30, 2005
Posts
835
Reactions
0
Hi All, first post here... Been reading for some time.
I have a few shares in MRX and bought at 6.5c and they are now hovering around the 9c mark... Drilling has started and it all looks promising. Has anyone else heard anything about this share?
I'm keen to drop a few more dollars into it before the results come out.


Cheers,
 

RichKid

PlanYourTrade > TradeYourPlan
Joined
Jun 18, 2004
Posts
3,031
Reactions
3
Re: MRX Matrix

Hi and Welcome Sanguar!
I did follow Matrix but not as closely now, use the search tool and type in 'matrix metals' you'll find some references to it. I'll post more if I start following it closely again. A lot depends on the drilling results and the price of copper (the latter is looking a bit toppish in the short term).
 
Joined
Mar 30, 2005
Posts
835
Reactions
0
MRX - Any thoughts?

Hi, I've held shares in MRX for some time and have noted that even in their most recent releases showing promise of good copper finds, the share price has done little in the way of movement.

Anyone have thoughts on this?


Cheers,
 
Joined
May 9, 2006
Posts
155
Reactions
0
This has popped up on my radar. Its 4th quarter activity report seems promising for the september 2006 quarter.

What do you guys think?
 

3 veiws of a secret

3 veiws of a secret
Joined
Feb 18, 2006
Posts
640
Reactions
0
watsonc said:
This has popped up on my radar. Its 4th quarter activity report seems promising for the september 2006 quarter.

What do you guys think?
@ the soccer club my daughter goes to in Melbourne ,there is a dad there that only trades MR.X and DYL and RDR nothing else. Although I don't hold any of these shares ,he thinks MR.X and DYL are "ants~pants"........can I figure it out ,the answer is NO ......but then again I'm not Albanian! :)
 

kennas

Searching
Joined
Apr 21, 2006
Posts
15,109
Reactions
63
HA, HA, HA, LOL,

A dad at the girls soccer club is handing out tips. Time to sell.
 
Joined
May 9, 2006
Posts
155
Reactions
0
MRX has the lowest P/E Growth Ratio on the entire ASX (0.02), and a very low P/E ratio of 5.48. I believe that these two indicators suggest that this stock has been heavily over sold, and is very cheap and good value at the moment!

Any thoughts?
 
Joined
May 9, 2006
Posts
155
Reactions
0
If the price falls a little through the week, I think I will need to top up on these!
 
Joined
May 9, 2006
Posts
155
Reactions
0
Matrix up a hell of a lot today. I told you guys to get into this one. 7 cents to 8.8 cents so far today, with no news! Someone must know something!
 
Joined
Nov 14, 2006
Posts
34
Reactions
0
Chairman of Matrix Metals is David Humann who was chairman of Mincor for 5 years. In that time Humann took the co from explorer to producer.. as a result Mincor's sp went from 10c to $2.30..!!

Dec issue of smart investor tipps we may see a repeat dependant on some $35mil off-take agreements coming through..
 

Ken

Joined
Aug 22, 2005
Posts
1,198
Reactions
0
has anyone done some serious background work on this one.

EPS for 2007 and 2008 are 4.4 and 4.1 cents

PE ratio is 2.3 and 2.4

MArket cap is $62 million.

Glencore International just purcashed 6.5%

looks like there are going into copper production.

not sure what its worth. Anyone know how to value this stock?
 

Ken

Joined
Aug 22, 2005
Posts
1,198
Reactions
0
from what i can gather that plan Q3 copper production at leichhardt

and they are doing some DYL uranium program which has commenced.

how this equate to share price no idea.

keen for some feedback.

they have some 600,000,000 + shares. so whether theres is too many shares on issue i dont know.
 

Ken

Joined
Aug 22, 2005
Posts
1,198
Reactions
0
announcements released this week.

is the stock ready to head higher, or should we expect it to be floating around the 10 cents mark untill production comes on.

theres seems to be a lot of selling pressur at 10.5 cents all the way up.

would need a lot of volume to break 11 cents.


i cant seem to figure this one out.
 

Caliente

Black Gold!
Joined
May 30, 2005
Posts
492
Reactions
0
heading to MRX AGM in an hour. see what i can find out, any requests?
 
Thread starter Similar threads Forum Replies Date
System MCE - Matrix Composites & Engineering Stocks I-P 474
T MXD - Matrix Gold Stocks I-P 0
System DM1 - Desert Metals Stocks 0-H 0
System PAM - Pan Asia Metals Stocks I-P 0

Similar threads

Top