MLX is moving up slowly on ABY register now at 3.51%.
Yes, I'm buying ABY, even more today and will swing these ones over to MLX. I wouldn't be surprised to see a rush for the exit now that the 20% requirement is in effect.
Plenty of shareholders including myself are frankly fed up with our Indian masters, they couldn't run a chook raffle in a hen house. The more shares that goes to MLX will exert more pressure on the ABY board. They mightn't be so clever when the 20% stake is achieved.
MLX is obviously trying for a blocking stake in case another offer comes along.
If MLX takes out ABY and the copper price improves in a year or two then MLX will make a bundle.
MLX Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
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