15 - 25c is where I see this in the short term - I think the those bigger holders who wanted out are already out and the rest its a wait and see - APAC have their man on the board and are obviously not dumping (yet) if they started to sell then its curtains but we are not at that point.
I imagine APAC and others will be pushing for a very thorough review - maybe thats what happened - others joined with APAC behind the scenes and the board was forced. I think its good news for shareholders to get all the bad out there early yes the sp has tanked but hopefully the only only way is up though not to $1 anytime soon..
MLX Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
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