We received the first of four payments from Malaysian Smelter Corporation (MSC) on the 3 August which was sooner than management expected. Since it wasn't classed as a price sensitive announcement I assume that also means we wouldn't necessarily be told when each of the other three payments are received.
Were we expecting all MSC payments to occur within the last quarter or was it likely to take longer? These payments are the icing on the cash flow cake so just trying to understand which quarter/s they might drop into. My guess is we won't be told of each one we receive however will be told when all have been received since this will be the time shipments to MSC will recommence.... Maybe a couple in last qtr and a couple this qtr?
Another 2-3 weeks to wait to find out if cash flow last qtr was as good as we're all hoping it is.
Now that we have simplified our business operations to be focussed solely on tin it will be interesting to see how hungry our growth appetite is if cash really does start to flow.... are we happy with organic growth or looking to accelerate via M&A or project partnering?
I know I say this every qtr but waiting for this quarterly is killing me... please don't let me down full repayment of the loan is some reassurance cash is at least solid.
MLX Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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