There might be cash in it, but how much more do we have to spend in C&M to realise any of that cash. Not to mention potential development costs. Will the cash realised even balance the books for that?
Additionally, the cash we have to spend is now, upfront. We don't have it. Which means we will have to raise it at a severely depressed price.
Even if Nifty manages to re-open and produce per the study released earlier, can it ever repay the dilution it is going to cause in the next couple of months? Not sure MLX see any value in it, think the problem is no other company sees any value in it. Just liabilities
MLX Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
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