What are the message board views on how the MLX share price is responding to the commodity cycle at the moment, and what people see as the next catalyst from the company for further gains (rather than the macro situation)?
It seems the share price dipped earlier this year when copper retreated, but it has moved ahead again on speculation over reduced supply from the strike in Chile etc? On the other hand, tin prices have been weakening since the start of the year, which may have counteracted some of the optimism over copper.
The tin and copper divisions produced about the same amount of cashflow in the last quarter, but which is the more important in pushing up the share price in coming months? I'm guessing that Cook and his team have more chance of surprising the market on the upside with operating performance at Nifty, so the copper price is going to be more important this year?
The share price has run on nicely since Q4 last year, and I'm wondering whether to take a bit of profit..
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