There is no doubt Renison is worth a lot more than the current SP is showing.
However how much is Nifty worth ATM. Its currently costing 10s of $m's.
MLX has had a number of goes at Nifty now and has not shown any improvement.
I might be naïve but I would want to see the numbers before betting they can.
Though I understand the market only needs to believe.
But what I am more upset about is the $$$ raised just seemed to evaporate without so much as a whimper from Management. Its like we should of all expected that. Down right rude as hell and almost theft if u ask me.
If nifty was going to cost those $$$$ then should of bloody well said so when they raised the cash.
Anyway as you say new MD and board required and hopefully they are more transparent with where Nifty really stands. If it going to leach more $$$ then is it worth it. Me thinks not.
But if they find someone with the know how and the $ then do it
But bashing your head against the wall hurts and it will continue to hurt until you stop. go figure.
If we stop Nifty tomoz will we be worth 50c. HMMMMM!!!
MLX Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held
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