Well, after previously selling my MLX shares in 2018 in the mid 80 cent region having held them for 2 years before that, I have watched them unfortunately go south in recent years. I must say my share sale back then was pretty lucky because I needed to liquidate various company's shares I held to do a fairly large property transaction.
It has remained on my watch list since and I really like what I have seen in MLX recently so bought back in at 31 cents a week ago.
The company looks like they have turned the corner financially and their last report looked very good. The NTA per share doubled, Profit increased and with Tin been in huge demand now and in years to come, I am confident MLX shares will get back to its lofty heights of 3-4 year ago.
MLX Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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