isnt it funny how our stock price dropped ahead of this announcement from 1.15 to now? I always find it amusing how the big guys play out the retail investors.
In saying that it is also an opportunity, i expect 92c in the next week.
On a long term which i still hold, these guys know how to turn around assets. The copper mine was bought dirt cheap, a simple matter of increase scale will result in profitability. This is the core investment proposition on the nifty assets and there is nothing in this announcement to say otherwise. On top of they , they maintain the dividend!
Good luck, hope the big guys dont shake you out of the tree as well
MLX Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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