This stock is seriously frustrating right now. Have been on board for years. Why with the tick up in the pog isn't this stock rising. NCM, the gold stock barometer, has gone up 10% in the last 5-6 trading sessions. The fwd selling of gold is a great move imo that has generated no interest in or appreciation of the stock, not that such a move would necessarily generate any interest. The way I look at the deal is more than just what they are selling the ou for at the agreed amount. Interest on that money if borrowed would amount to anywhere between 6-8 mill. Amortise that over the $1350/ou and it amounts to much more. Again, an astute move on the part of management imo. What is interesting is the intent for this money. Why get it unless you have a use for it??? Bank balance is surely looking fine. Why do they want that money? MLX, please go up!!!
MLX Price at posting:
18.7¢ Sentiment: Buy Disclosure: Held
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