So rather than just use a Jargon Term. I consider optionality as the ability of management to come up with plans other that just the production of the commodity at the given rate form the plant as designed. The ability to grow the business. I think Brett Smith has shown some of that.
Where the rubber meets the road is: Will he come up the plans other than Rentials and the Fumer that are a better use of capital (a mix of higher return and lower risk) and be able to identify and execute them? It's what I hope for from a CEO as opposed to a mine manger.
Normally I'm not a glass half full sort of guy especially after my ride in MLX but I think the guy shows promise. (Well more than some others).
All IMVHO
MLX Price at posting:
24.3¢ Sentiment: Buy Disclosure: Held
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