1- The ML is imminent IMO. Management have spent some time with the big boys out of HK and its time to close off the off take. I suspect that these off take outcomes are advanced as they are the market leader.
2- Both MLM and the NK group are working on other opportunities in the bauxite space. That suggests that there is a deeper relationship and possible deals to be done together.
I would think that maybe they will talk about ramping up production quicker than the market anticipates if that is the case. Time will tell, but things are moving in the right direction.
dyor
ps
I noticed people are still focused on the old sconi news. The deal is done, the money and stock is coming, so the real upside is in the bauxite. Once MLM receives the ML, the stock price should quieten down the distraction with any luck. dyor
MLM Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
