MLX 1.74% 42.3¢ metals x limited

Ann: Quarterly Activities Report, page-6

  1. 2,330 Posts.
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    Poor production report, but tin price is now near $A49000, compared with $A40208 for first quarter.

    Worth noting that despite poor production, cash on hand rose rose $A24.45 million (including over $3 million in interest) to $A 167.5 million, with the market cap at $426 million.

    If they get production back up above 10000 tonnes pa over the next year then the current prices would raise revenue near 50% on the current quarter.

    Tin price outlook and restoring production are the keys. I took some profits on the share price rise, but happy to keep a large holding.

    Only 1 million odd shares bought back at 356 cps.
 
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