I must ring the Co. to see when these shares are allocated. No doubt there will be plenty of holders of these shares that would like to liquidate asap... and this could put further pressure on the share price.
Not much chance of turnaround until the latter half of this year I am afraid... unless gold goes to $2000!
Unfortunately, the old optimistic investors gene got the better of me a few months ago, and I held on. I don't think there is much danger of this not coming back... but it could take time. If they get ABY and I think they will, its basically a free mine with all that cash... and I'm informed they would re-invest it into making the mine more economic again... and so it could be deal of the century... especially if copper recovers somewhat.
MLX Price at posting:
94.0¢ Sentiment: Hold Disclosure: Held
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