Oh OK - now its starting to make sense about the demerger - note the comments about the Nifty acquisition "now being the right time for the demerger", and I sort of agree with that because without copper exposure in Nifty the base metal spin-off would only really be the Tasmanian Renison Tin project and the WA Wingellina nickel stuff (plus some other base metal exploration) - which would have been a bit weak. Adding an operating 3rd mine with some copper exposure into that gives them a nice 3rd metal and a bit of diversity and potential cash flow (once they sort out Nifty).
Interesting that Warren Hallam is going off to the base metals spin-off, being a metallurgist would lead me to believe that with Nifty and Renison already producing and well understood that Hallam's job may be to sort out the Wingellina Ni-Co project once and for all and start to push to get some movement on making this happen. Won't be a terribly "sexy" company but will surprise many once Ni Cu and Sn prices start to recover.
MLX Price at posting:
$1.83 Sentiment: Hold Disclosure: Held
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