JanJ,
Bottom of cycle you reckon?
What about the assets we have have and held when POG was much lower.
If you take your view, then the other side of the argument is why hasn't MLX SP risen in a rising market as its peers have?
Likely because MLX keep buying when others have said lets get our assets producing and increase our cash balance! In the last six or so months all I keep reading is MLX buying or wanting to buy with very little or no competition. Appears to be TAM was likely the only deal left which has value in it. The others it seems is about companies offloading to MLX.
MLX worries me no end. I am hoping it will run to 1.4 again and then I'm out.
MLX Price at posting:
93.5¢ Sentiment: None Disclosure: Held
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