Think the problem is that all these occasional hiccups prevent the company from truly rerating for the positive, i.e. valuation multiples are extremely low and will stay low. So only remaining driver of upside is tin price moving higher. And I’m not very hopeful that management will be aggressively pursuing shareholder friendly capital returns. These hiccups in fact will tilt bias towards being more conservative with cash. Nothing wrong with that. Just makes further dramatic upside less likely - except if tin keeps marching on.
MLX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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