base metal assets churn in right for these sorts of markets. The key thing for MLX to remain a going concern was that nifty operation was shut down. The HK shareholders, who bought in at 65c, were saying it for months - as were others. some mining management tend to be a bit slow to react, even when the writing is on the wall because of the once off cost. This shut was done several months too late, but they had a go, so move on. divestment process is now underway. It will take time, at least the time wasters, mid year. A$ debt will now be more manageable, not that the market can discerningly view much in these circumstances.
MLX Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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