Unless it is a SCREAMING bargain, the macro suggests that profitable M'n' A's are now very thin on the ground. Private equity and high value companies have already gobbled up companies worth looking at, for the last 13 months.
I will keep on harping on about it, but as a copper play, grabbing a seat at the board of AIS looks far better than high capex internal/ neighbouring investments, especially with rising AISC's and a sticky/ high interest rate for the longer term.
Plugging some of the rapidly deteriorating bank balance into more quality CAPEX to realise far more instantaneous returns, instead of flogging a possible dead horse, looks far more positive.
Then again, I'm the idiot who at one point half a million shares at an average on .405, so I am far from an economic, or investment genius... ;P
MLX Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
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