We could split the difference and meet at 80 cents?
But then we also need to factor in that since they were trading in the 60 cent range and operated profitably
1. They pretty much stopped making any accounting profits on their former-AQG mines;
2. The Murch project is bleeding more money as they ramp up and they have failed to co-ordinate mining to met the higher grade ore feedstock in the mine plan compared to what is currently being achieved
3. They have diluted shareholders by 10% so far this year for two non-income producing assets and want to dilute us by another 15% for a dud Cu mine that is bleeding money;
4. The head boy is suffering from trauma after having been bested by a younger boxer (BB), and his brains have fallen out of his head.
I hope the recent accumulators know something positive that will make things good again.
loki (just saying - the company has gone into outer space and may not find its way back to earth)
MLX Price at posting:
$1.38 Sentiment: None Disclosure: Held
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