Well, I finally sold my last parcel today.
After nearly half a million traded units over the last 12 months, that averaged .36 after trades and churn, I just found that I could just employ the capital far more efficiently , elsewhere.
Yep, definitely at the base, but a healthy CGT on another investment will need to be countered anyway, so my losses will be hedged elsewhere.
Does this mean that I am walking away from MLX? Hardly.
I just want to see runs on the board, better liquidity and the board taking a more active role in the company. ( I stumbled across yet ANOTHER dogsh#t company in the Tanami, that a member has an interest in.. ) .
Maybe an in market purchase without using performance rights, which is a zero gain for the company.
Also, that .325 resistance band, which looks eons away, at present.
Let's hope something does develop, like a TO and the company shines, as I will have more capital to employ , but until then, greener pastures await.
Have a safe Christmas everyone, and let's hope 2024 is a FAR better year for the micros, and people FINALLY recognise the importance of tin.
Meanwhile, those ALDI proceccos are calling...
(20min delay)