"which is well below the April '22 high, with more cash, more tin, and a likely longer mine life." you forgot to add "and half the tin price".
Let me remind you what the March 2022 quarterly looked like vs what it looked like at 30 June 2023.
Imputed EBITDA $98m vs $39m for each quarter. Is it really rocket science as to why share price may have halved?
You're right, the numbers on our screens don't lie... just depends which numbers you pick and choose to look at, and which numbers you decide to ignore.
Also I thought I'd take your advice and google the charts to see how prices are languishing and I realised you're right!... I insert the chart I found below.
So to me it's NO SURPRISE that the share price is where it currently is. It all makes sense. I DO HOWEVER agree and hope that we are instead rewarded with some dividends or alternatives to reward shareholders but to say the share price is acting significantly different to the broader tin market (and considering OP selling) is just rubbish.
MLX Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
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