I'm not surprised by the mkt reaction (me included). The Nifty section was flaky...Presentation needed laser focus on the Cu contribution margin. instead we got MD "hand waving". Paraphasing ex President Clinton: "its the forecast copper earnings....stupid". I want detail on the prob the Cu division continuing to spoil the Sn (gr8) business (for a series of commodity revenue margins)?. I'm surprised Milan didn't pick that up, oh wait, he runs Blackham Res. MLX, get some proper commercial advisors, this presentation is just not up to ASX300 Resources scratch, given the questions the Qtrly raised, from which I hope MLX doesn't slip out. This was an opportunity missed, but agree, at these prices, it's a bargain in a "on the road to trade-war resolution" scenario.
MLX Price at posting:
21.5¢ Sentiment: None Disclosure: Held
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