I don't know if Kodal is in better shape than MLL. I see it as the path not taken by MLL. Their share price seems to track MLL somewhat, but even worse in a bigger stock exchange. Suay Chin has captured 25% of the company without much share price appreciation. Last report indicated 315k pounds of cash, which should indicate imminent capital raise, but so far it's just been ebbing and flowing.
Even with the cash drain and share price collapse, it feels like MLL is at least keeping up some honest work in the background. Maybe I'll stand corrected in the future, but without proper dealings and a bit of honesty, it'll be awful to end up like 4CE and WFE. Just lots of promises, then endless suspensions, then..maybe quiet death.
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