We are a different company than 6 months ago and nothing like 12 months ago.
To cut a long story short:
Our market cap is a very low 240m Whilst messy our quarterly basically said we had $43.8m with $15.5m in debt - that's $28.3m in the clear. $36m in convertible notes in CYM Future cash flow (due to ludicrous tin price) of $60m+ per annum Tin in demand and supply challenged
Trading volume is so low imagine what a share buy-back could achieve..... Why can't we buy Arglye out, they are holding us back on just a few million dollars in holding due to low trading volume. In a few months time cash will flow freely.... best place to invest is $20m in ourselves at this price IMO.... Just the hint of it will make waves.
Just thought
MLX Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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