Remember how they told us of the beneficial effect or the ore sorting machine - was it a 20 per cent increase in productivity , so why they need rights issue of 35 million & I bet the terms of the $35 mill loan were that they cover it with a rights issue & guess who has first call on MLX assets , the loan provider , so shareholders stump up another 35 mill & drop down a peg receiving anything in a liquidation . Nifty has dragged the MLX boat like n anchor. The board looks scared , Really could shareholders do any worse than this lot from a $1 to 13 cents . Looks like some stake building going on at the moment . But it might fall again if APAC don't win out . They we go back to the Nifty bleed on MLX.
MLX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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