Just some follow-up. I’ve owned MLD for 15mths or so. As mentioned in an earlier post, they have significant exposure to gold miners. Specifically, they state in their latest preliminary annual report that “(o)perational activities have further rebalanced towards gold” (the weighting is 86% of All Mining Work-in-Hand). For those who are even moderately bullish on gold, this is quite compelling. I'm not aware of any other mining services firm with this level of exposure, though happy to learn of any, if anyone knows.
I see the widely respected Paradice Investment Mgt owns 7% of MLD, which is probably a good sign. I do worry a little about MLD's seemingly short operating history. My gut feeling (nothing more to go on, alas) is that they might lack a longer-term strategic bent. Nothwithstanding that, my immediate sentiment toward MLD would be to add on dips, particularly if you’re slightly or very bullish on gold.
The market seems to have digested the latest set of results relatively well.
MLD Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
