MLX 5.49% 43.0¢ metals x limited

Held this stock a few times past, so have a look from time to...

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  1. 563 Posts.
    Held this stock a few times past, so have a look from time to time. Was almost tempted to get back in when it hit mid 80s just recently. I went back to the spreadsheet and came to the conclusion it looks OK on an EBITDA basis but not so good when capital allowances are factored in.

    This is a pretty ghastly result and I expect a better buying opportunity in the near term.

    Usual Disclaimers etc
 
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