Ann: Change in substantial holding from IFL, page-13

There were operational issues - this well enough known.
Management changes have occurred with new major shareholder Director now having taken the helm .

Patersons Ranges - is a very prospective neighbourhood now . Of significant interest .

Looking out through the next 5-10 years ,seems to be greater additional potential , as well as more miners with a view to the prospects moving in . Significant tying up of all the available land has occurred.
Obviously fuelled also by huge gold discovery , and the rumoured huge find by Rio ?
(Now - as known , Rio have been spending near $1 billlon on local airstrip and infrastructure facilities )

MLX - is also Renison , yes .
Right now -and forwards , is perfect timing for Tin .

Also the company has , or had, a lot of cash in the bank to commence the year .
Deficits at Nifty , offset by Renison tin income - though still cited as justification for the current shareprice..

To me -the Company is oversold and been heavily manipulated down, to where the final shareprice levels sit .

Certainly anyone investigating could check out the substantial shareholder announcements , 2x , announced within hours / short time difference - as new declarations - back before Xmas .
**Borrowed Short -sold shares used , as well as a steady very slow trickle accumulation was achieved by these entities through 2018 .
*Substantial shareholdings achieved by ? Mitsubishi? - under 2 separate (related company entities ) through JP Morgan Japan nominee accounts from memory ?

Unreal anyway -the ways of the world .

Apart from some very significant global entities staking a substantial share holding accumulation over time ;
IOOF seem happy to also have accumulated down here ?

Thankyou very kindly for this insight though, really interesting and appreciate to know that this still the case in WA.

Hence - all factors involved — big money also involved , and substantive holders that been accumulating by stealth , brings us to the shareprice and MC now at.

IMO - very undervalued down here .
My belief obviously .

Actually think it may be quite interesting to see how MetalsX goes now through this year and the next several years .
I hope for my holding to be very longterm , and able to be set and forget even .

A Renaissance? from here in any case .
I think - Must occur . My view .
All the best .