Stuffed if i know but it would be overs for sure. Renison was the main reason i came looking this way.
It is an extremely unique resource. Its operational. Its Making a killing and getting better the older it gets.
It was not till after i realised what a drain Nifty was and had to bail. But that was significantly higher SP from here.
I know one thing. If i was invested in a Co that bought 50% it for $400m i would happy.
If nifty is offloaded the SP will increase dramatically.
Though i guess if they actually get nifty to work then the SP will go as well.
They have put the Co at grave danger of a sub optimal takeover with their faith that nifty can be turned around.
Man it does not even have to do that well. even if it was just breaking even it would of been ok. But it is just sucking the life out of the party $10s of millions every qtr and until that sucker is fixed or ditched MLX will be in the doldrums IMO.
High risk high reward but i will watch this show for now.
MLX Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
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