nst have bitten off a fair bit. If the gold price hangs in there they will probably do well but if it falls they could be in a spot of bother. I rode silver lake resources from 50 cents before selling at 3.55 and it has been my biggest win so far in investing but there was a fair bit of luck involved. It eventually reached 3.90 before plummeting to about 35 cents a month or two ago. Gold price is everything especially when companies are heavily leveraged.
Mlx will turn out to be better than both these two in my opinion but it may take a while. That is why in some ways a gold price fall will benefit mlx because more distressed goldies could come on the market. They have three main benefits over other goldies- they have cash in the bank, are diversified, and have a small management team that is very, very careful about spending money and actually know how to run a mining company. Most gold miners are awful investments. Look at the previous owners of meekatharra.
I couldn't care less about a dividend. Would rather they put that money back in the business.
MLX Price at posting:
26.7¢ Sentiment: None Disclosure: Not Held
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