MLX 6.94% 38.5¢ metals x limited

Ann: Appendix 4D and Half Yearly Report and Accounts, page-7

  1. 10,423 Posts.
    lightbulb Created with Sketch. 2699
    Quite a surprise.

    "" (Loss)/profit before income tax (982,009) 15,910,640 ""

    MLX is using its tax credits to put the bottom line in the black.


    Why this turnaround ??

    1. Tin price has certainly impacted.
    2. My guess that it is early days with the new gold acquisitions and cost saving measures yet to kick in.

    Or maybe the Tilt Train has tilted too far and too often - Too many windmills Captn Cook.


    GL holders - my sentiment is still buy.
 
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