All my alarm bells are going off. Dont like the smell of this one little bit. Why: 1. Tin is strategic metal that is critical in the electronics industry. The west has little production. So the Chinese are trying to get a stranglehold on one of the scarcest of all strategic metals. 2. 60% for this piddling little price? 3. Is tin hard to sell? No. So why do you want a tie up with a refiner? The management's sales pitch makes me very suspicious. The money is peanuts and wont go anywhere in financing Wingellina. Plus the cash cow is no longer one. Ive been along term supporter of tghis management, but this one says im not any more. What havent they told us? Are there major problems underground at the mine? The copper price is up and the extraction plant should now be viable. Until I am convinced otherwise this is one dud deal, both for the companty and for Australia. Not in our national interest. FIRB shoud kill it immediately. The old Chinese proverb in business, smiling face, black heart?
MLX Price at posting:
12.5¢ Sentiment: None Disclosure: Held
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