Tomorrow will be a big fluctuation day however- the management have done a most incerdible deal- they get cash- so the company(MLX) can get re-valued on a profit making Tin- we will attain multiples on earnings They didnt dilute MLX further by raising funds at low prices- so they have backdoored the copper assets into a small organisation- i susepct the convertible strike price will be $20c and before no time they will achieve a capital profit in a company also with nil debt. This $36 million may turn into $60 million
so we have MLX - TIN -Profit /nil Debt CYM - Convertible Notes /.20c on a company with no debt and ready to produce.
Show MLX shareholders the money - this will continue to be re-rated
MLX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)