Your view on MLX is highly dependent upon when you entered this stock. I owned a bit years ago and paid 80c. It went to about $1.30, and I sold- moreso luck than good management.
When Damien Marintelli came on board, I decided to start buying. I now own close to 4m at an average of about 19c.
I have a feeling this bloke knows what he is doing and will make this work. Given the extra shares which will be issued, I will scale back my price forecast for mid next year. I fully intend taking up my entitlement and accumulating further.
I think there is a lot of upside here, but the MD has work to do. If successful, I will be a happy person and he will be getting a dozen premium Reds.
For those that are underwater and paid far higher prices, these situations are never pleasant, especially if you do not have the resources to average down. Averaging down is not an easy thing.
MLX Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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