MLS is the type of stock one places in the bottom draw for the next few years...i think patience will eventually get rewarded.They have the resources in the ground, and once they plan,finance, develop their mines and get things in production and have a cash flow going (no easy feat,but that's the challenge),they'll then be in the position to develop other projects - and let's not forget future cash flows from Sherlock bay when ARH gets things going, and the potential of Namibia. I suppose if one is in it for a short-term play,you would not be happy at the moment.
Yet,if you've bought MLS at 2.5 cents last year, that's a pretty good return thus far....it depends if you hold a long-term view or not, they might be a bit slow with information coming,but no complaints from me so far, i'm keeping the faith and backing management all the way.
MLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
