Whether the report is good or not, we don’t know that yet. I’m thinking it will be but have been plenty wrong before. Anyways all shall be revealed within a week or so.
Tin price has been fairly stable around US$25k or A$39k. For once don’t think tin price is the problem.
Share register is not ideal. Not entirely clear where dominant shareholder APAC wants to go with MLX. And Old Peak is possibly still a constant seller at any price.
Ultimately if cash flow does end up being A$15-20mn/qtr going forward and current EV is 100mn (give or take) share price will eventually react. Unfortunately it may still require a strong hand to come in an be an activist/catalyst. Or perhaps management finally decides to do some buybacks after all …
MLX Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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