Agree with everyone on a very disappointing quarterly.
The presentation dated the 14 April which was released before the quarterly (go figure) showed our cash and debt position as at 14 April as:
My guess is they want to push out the full repayment of the debt to avoid the need for a capital raising, however if they don't come to the party a raising is likely IMO.
I have to say our tin cash cow is not producing much cash, is MLX one of these companies that will always have a reason quarter on quarter why we didn't make any money.... I hope not.
Lucky the tin price was kind otherwise it would have been a disastrous quarter.
MLX Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
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