The few months around May June are usually the low season for the gold price, but in terms of $A it hasn't wavered much for some time, holding well above A$1500. If people think MLX bottom line being affected by the weaker $US gold price they will likely be pleasantly surprised other things being equal when they see the financial results for the latest quarter. The management have been quiet for a while but no doubt they have their hands full with the re-commissioning of the Meekatharra setup, plus the Tanami show etc.
There should be drilling results from the NT holding following up on the bonanza results before the last wet season. Should be interesting.
MLX Price at posting:
$1.37 Sentiment: Hold Disclosure: Held
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