As posted previously about MLS and the recent trading halt it looks like my prediction was way off. MLS has plunged 41% today on news that its court case over a uranium project in Namibia has been judged and not in their favour.
They have indicated that they will be appealing the courts decision but as an invester I’m inclined to think that they are just going through the motions by continuing the proceedings.
I have watched this stock for quite a while now. Seen it rise up and down on speculation and announcements but now it’s time for me to file it in the “penny dreadful” drawer.
Happy Trading.
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