Ann: AGM Presentation, page-5

Thanks for the summary and impressions!

MLX is easily the most frustrating stock I'm holding. Lots of potential but constant disappointment. I take CMOs advice to heart that one needs to be patient, but I think I'd give MLX another 1-2 quarters tops to show improvement. There needs to be some forward guidance as to what to expect in terms of grades, recoveries, AISC, etc. And again, no peep about capital management. The fact that earning A$1mn deposit interest per quarter is the biggest highlight in the presentation says it all.