Look - I totally agree MLX could not be more down in the dumps at the moment.. As speculated Rio Tinto and Fortescue looking at nifty why not BHP - it would be a nice 3 way bidding war in a perfect world. The other thing, not mentioned here. is that they are looking at nifty, wouldn’t they also look at our nickel assets Wingellina - which seems to be too big for MLX to handle.
Would not be surprised to MLX taken over altogether now the Tin High Grades are proven up at Renison. probably buy out the 50% partner out along the way.
With Patersons Range all the hype - All 3 Assets makes the current Market Cap of MLX look way out of proportion. Thing I’m learning about trading shares is to find a company that is way undervalued, buy some and hang on, things eventually change and become more balanced, or they boom! It would only take a fair sale price of Nifty and or Patersons for this to Boom
MLX Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
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