Really appreciate your views on MLX Loki.
I just have to wonder, if the major ABY holder accepts, then we are going to have a huge amount of shares printed.... I cannot believe that after holding out for so long and playing games etc with ABY with all the 'reports' etc about the mine to drag out the T/O, are they going to be selling on the market once they get their shares?? As for me at least, MLX has been under pressure for the past 6-8 months due to consistent selling by those who received shares for the other asset purchases/deals MLX has completed.
While I feel like I can now see why MLX wanted ABY, the added price they just agreed to is going to significantly reduce the overall cash pile that MLX will garner in the overall deal.
I still watch on, as MLX has real potential, but... it really has to have 2-3 solid quarters which show that all their high cost gold plants are able to actually make money.
MLX Price at posting:
$1.05 Sentiment: Hold Disclosure: Not Held
(20min delay)