Q: Hi Team, can you please explain how a re-rating works, specifically relating to New Mellenium, NML considering it's going to become a producer soon. In your opinion, will the share price move higher in this current environment with a re-rating? Generally speaking, when would a re-rating occur for this company? Any other info you can add relating to NML would be greatly appreciated. Also, what are your thoughts on iron ore pricing at this stage, stabilising at these levels?
I bought this one at a $1.30 a few years back, before the run to $4.90, for a long term hold but think I should re-consider and start trading it rather then just holding for the long term, your thoughts??
Thanks again, Hussein
I bought this one at a $1.30 a few years back, before the run to $4.90, for a long term hold but think I should re-consider and start trading it rather then just holding for the long term, your thoughts??
Thanks again, Hussein