The company is making progress on exploration, Rentails and more importantly generating a profit from operations. Finished Area 5. Sold Nifty. Spun out NC1. All pretty good achievements.
However, they do nothing to promote themselves or the share price. No road shows, no conferences, no presentations, pretty much no announcements. No capital initiatives that would instantly boost the share price. Whilst they care little for the share price increasing APAC who sit on the board are accumulating what everyone seems to think are cheap shares. Now while they were spending capital on Area 5 I can somewhat understand this but if we get consistent quarters of very good profit that looks like it's sustainable and the board still do nothing then it's going to look extremely dodgy and vague nothing answers aren't going to cut it.
MLX Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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