Just my assessment .These guys are a joke, the' Tier one' Tin Mine could pass to Chinese interest for a song . These Australian managers couldn't manage a chook raffle. It is plain obvious the shares are being dumped . The Japanese JV partner would be getting some interesting calls at the moment . They should lift there stake to 20 per cent . If three investment houses take 20 per cent & this board is gone , and this things in play . The Patterson mine & large tenement holding could pull a lot of interest . MLX was stuffed the day they got Nifty , they didn't have the skills to assess mining the underground deposit - it has bought MLX to it's knees . Mark my words , there will be a serious play for the MLX assets - The Japanese must be spitting teeth after this fiasco if MLX is placed in receivership . The lateritic Nickle deposit is a beauty well worth having in the portfolio . I'm not supporting any more capital raisings by this company , i'm prepared to loose the lot , in the belief there will be competition for MLX's resource portfolio. If you got a taste for a bet , you may do well
MLX Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
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