I think @Cashmeoutside hit the nail on the head when he said that Renison has been starved of capital due to Nifty's huge cash burn. It will take capital investment to replace unreliable equipment and get things running smoothly however I'm quite optimistic going forward because:
- Renison is a proven performer over the long term - the outlook for tin demand and price is strong for the foreseeable future - MLX has made real progress to improve their business by selling Nifty, reducing debt and getting their house in order. They have also recruited some very good directors/managers who know how to run resource companies over the last 18 months.
Onwards and upwards from here!
GLTA & DYOR
MLX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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