The tin price rises strongly.The materials index rises...

The tin price rises strongly.
The materials index rises strongly.
The small ordinaries rises strongly.
China slowly moving towards a COVID opening situation.
EBITDA ATM looks very positive

YET, MLX is still range bound.

This is no longer a fundamentals driven play.

The joint venture looks to frighten real investors atm.
The market want to know WTF the board will do with the cash at bank NOW, instead of watching it devalue with inflation.

Strategic buying of another company ( as outlined in the AGM) has a web of expenses and compliance regulations, which will be both costly and time degrading to the company outlook.

So, it is either a VERY long term outlook, or upgrade the current facilities and perhaps give a small dividend to shareholders, or perhaps buyback a strong chunk of the current retail register to boot.

RIGHT NOW, the SP needs to close next week above .33 ( with volume) and signal a breakout, or we might be kicking a triple top and we will remain range bound for the foreseeable future...

Time delay and 'short' selling has been very damaging , pushing new investors towards growth micro's and 'safe' miners, as this is too high risk. ( We also have our own sovereign risk to be added in as well).

The company has to communicate with the market, or other, more public tin hopefuls, will take a fair chunk of the available tin dollar investment pool...