I topped up only last week at 26c, only to see the relentless selling continue. I am a big believer in this company, and stand by my earlier prediction that I believe that MLX will be over $5 in 5 years. With their impressive growth portfolio this is possible.
I personally don't see any major change in what was the status quo only a short while ago. Places like China, which I have both travelled and worked in and seen first hand, will continue on a growth phase for some time to come. I believe in the commodities "stronger for longer" thinking. There are many companies in the resources sector that are being ridiculously priced at present, and being driven by combinations fear, illiquidity, leverage in reverse and herd mentality to insane levels.
I see nothing that distracts me from the possibilities that lie ahead for MLX. I like the management, and I like what they are doing.
I own a large stake and will ride out what I see as a short term sellout. This crisis, like many before, will pass, and eventually common sense will prevail.
Regards
MLX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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