Here we go, Metals Australia Limited (MLS) has entered a trading halt and it is highly likely it is in relation to the court case in Namibia. Good or bad this decision is going to send it moving one way very quickly.
My prediction, it will be a positive decision and the share price could easily touch 4.5/5c during the course of the day. Obviously I don’t think that it will hold at these prices but if you follow the 45 minute rule (sell 45 minutes post announcement) then you could definitely get a very nice price. Of course if it tanks then waiting 45 minutes could send you broke.
I love these kind of announcement because it’s akin to playing at the casino. Roll the dice!!!
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[...] posted previously about MLS and the recent trading halt it looks like my prediction was way off. MLS has plunged 41% [...]