MLX is not in the indexes (yet) and may be off the radar of many instos accordingly, less research, less coverage, higher margin requirements etc, in my opinion. Also doesn't help with the current market sentiment in general.
But sooner or later, the tinnes (oops tonnes) of cash that are now being generated at Renison will simply be irresistable to somebody. If the Australian instos and/or hedge funds don't have a go at it then I'm pretty sure some of the Asian ones will.
This is the thing, MLX have an amazing portfolio of assets, whether or not we get to see them at full value, as MLX, we will have to wait and see I suppose.
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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