I think the phoenix bit happened back in early 2022. Unfortunately, the phoenix got a bit chilly and has dipped back into the flames to warm it's feet!
For the time being I'm holding and keeping a very close watch, MLX is exposed to a bit of a binary outcome in the short term, if OP keep up the selling pressure and a recession starts to bite the consumer, tin is going to struggle and MLX will go with it. On the other hand if Myanmar goes offline as threatened and Tin demand holds up the Tin price will likely see another surge, hopefully coinciding with a significant drop in AISC, Combine the latter with OP easing their selling pressure and MLX will be off to 75c again...
Of course there is still ~A$100m in the bank, so if things do go south MLX is well set to weather the storm...
MLX Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)