I guess you separate the companies first. Check the market response. Ramp cash flow from NIFTy. wheh it's reasonably obvious its working say 6 months to a year ( but before it shows up in formal accounts. The board makes a decision to push the button on Rentials.
For a long time MLX has said they rank projects ans action in terms of rate of return so Rentials would be ahead of Rover which is ahead of the Nickel project. The market has never understood or more importantly priced this decision making and optionality. Form my point of view that's a classical Mineral Economics based approach probably because both the key executives have a MSc in Mineral Economics.
The split is only the first part of the efforts to unlock the vlaue.
all IMHO of course.
MLX Price at posting:
$1.59 Sentiment: Buy Disclosure: Held
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