X64 ten sixty four limited

Jstar, definitely rose coloured glasses, what was the 220 capex...

  1. 1,828 Posts.
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    Jstar,

    definitely rose coloured glasses, what was the 220 capex for, increasing production to 400,000. How will that happen now? They will need some time to get there cash reserves up, with there continual downgrades and lack of communication it is a shame what has happened to mml. Sold my last holding today and will wait till they turn it around. With current sentiment in the gold sector bad news isn't digested well. Definitely will be a good time to get back in but until they show a couple of good quarterlies probably best to sit out IMO. Dividends were postponed and won't be back for some time, capital protection is key at the moment, why would mml pay a dividend before they have the new plant up and running? Looks like a bit of time is needed to turn this around IMO.
 
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