No but I sympathise with the 200 miners lured to Tasmania to work in the Renison Mine. The mine had closed and didnt look like reopening because everyone who looked at it thought it was a "basket case".
That was until Bluestone Tin came along. They were unable to recognise a basket case and were not willing to listen to those who had worked the mine previously.
So the mine reopened- then closed 6 months later. The excuse was tin prices. But it was totally incompetent management. Ask just about any miner in Australia- its no secret.
Now Bluestone Tin is MLX.
A Leopard doesnt change it spots.
Its no surprise to see Jinchuan take a high stake in MLX. They know MLX will destroy itself in the early stages of Wingallena. They will mop up and get another partner to develop the project.
jinchuan deal must be good, page-6
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Mkt cap ! $389.6M | |||
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