All the news articles indicate there has been a big jump in mineral sands and Tio2 prices.
With current production levels and decent prices the bond payback time could be months rather than years. We produce huge volumes of product and have been staying afloat at seriously low prices. All price increases should go straight to the bottom line.
The half yearly report will be interesting.
I guess the question is what happens now the big plan of developing the business is complete.
Nick Limb is a project developer not a mature business operator. I don't imagine he will see that his role is over and exit.
More likely his plan is for history to repeat itself. My guess is he is working on a strategy for MDL to exit TIZIR and provide a big pile of cash for him to play with.. They were very keen to retain a saleable 50% which is what drove the huge dilution that you so rightly referred to.
MDL Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
