I think I have missed something, the SP has increased 14% in two days appearing to be on the back of the Preliminary Final Report which as far as I can tell told us nothing we didn't already know and arguably information two months old and more of a formality.
Don't get me wrong I'm very happy with recent SP performance but not sure why the report would trigger it..... maybe its more that it sparked the interest of one or two large investors that otherwise had missed other reports highlighting the future potential of MLX..... Anyways happy to ride the wave.
Company updates have been solid so I'm getting a little greedy here but if cash flow is looking as solid as we all think an announcement spruiking it before the next quarterly might turn this SP wave into a tidal wave..... even with recent SP performance I still think MLX is worth well north of the current $290m market cap value.
The spot tin price took a little hit a couple of weeks back but has clawed some of this back and still looking solid and may now resume the upward push.
At current margins MLX is well placed for free cash flow of $50m+ pa....... Thoughts on what a realistic value target is, we have to be worth at least 40-45c or $400m+
MLX Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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