These are not the types of companies you want to hold in a risk off environment. Long term looks good but they’ve got to get through a few macro bumps in the next 24 months. 12 months ago it was Cu and Sn prices keeping this company alive as they pissed alway the $50m CR in the space of 6months. Now that pricing is not (looking to be) around so they had better hope that $50m spent on capex and development is going to reduce opex and keep the company cash positive and afloat.
MLX Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)