old peak is not buying because the tin is moving up ,they are primarily buying because the company is in the verge of a turn around.
Argyl's entry price was sub 10c so they are not making any loss. L1 capital was the one who subscribed @15c and block traded with old peak for a loss but they are a billion dollar hedge fund so not even a dent for them.
nifty will be sold . igo will spend $32 mil. in the JV ,release its exploration results ,there will be a pump regardless of the results here too. Plenty of upsides, tin price is just a bonus as our margin is almost double .For contrast with nifty we were getting less than half for what we dig out the copper for. Just the complete opposite for Renison.
MLX Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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