Ann: Ceasing to be a substantial holder from MS, page-4

so L1 is a late entry which has gathered 15% of the company at an average of around 18.5c.

that also explains the 72millon shares traded on 21st Oct.

Chilean unreast & progress in trade talk is supporting Cu price but I dnt think those institution took a position due to that or because of Nifty.

APAC is more inclined to put Nifty to C&M-

"APAC believes there remains tremendous value in MLX, primarily the Renison Tin Mine, but a fresh independent board is required to review the Nifty business case."

Either they have teamed up with L1 or L1 wants a piece of the action itself ? Regardless, sp will appreciate given the current board can prove that production is flat this Q ( too much to ask ?)

On other note, why is that Chinese dude still a director ? Didnt take up rights entitlement and dont seem to add any value to the board ? Maybe before announcing the Brett Smith is unqualified for the position, the current board should have a look at their current sitting members first ?

Anyways , Advance Congratulation to Brett for getting a board seat , he has a tough job ahead , fixing up all the mess created by the incompetent mgmnt.