MLX 3.61% 40.0¢ metals x limited

TAM Investment Research- re MLX investment., page-3

  1. 538 Posts.
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    Thanks for detailed outline. I agree it may not be a bad investment. But the way it was done in case of MLX had a lot of procedural and compliance red flags. As Rusty from Nero pointed out, it was a silly move. The right way of doing it would have been to declare a well formulated capital allocation strategy and then act on it, which may or may not include an investment in TAM. But informing MLX shareholders of a related party transaction where APAC is materially involved on both sides is just a terrible look - again irrespective of the investment merits of TAM.
 
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