Historically MLX staff and management. There is/ was a Chinese representative on the board at last elections a Chinese representative was not approved. China Yunan Tin, or what ever it is now, as is at the very top a Chinese SOE (State Owned Enterprise). It is pretty much the big boy in the global Sn industry. They tend to go along with what Operational MLX management says. For really big decisions like funding a Rension Smelter and China Yunan Sn has to come up with half (largely debt) it could be an issue (and why I investigated it).
However, one would Assume a big decision like that or even Rentails if it is an obvious laydown I think they will come up with the funds despite the fact that Chinas SOE's have a debt problem. With I think they will do is shuffle the thimbles and numbers internally and come up with the borrowings. China's SOEs are byzantine. So Short answer - Hands off day to day. - For really big ticket items . It will have to gain parent Co. approval.
Noting that was historic with recent management and Aust. China angst maybe a bit of internal aggro but I haven't heard of it. the Vote on director at AGM excepted ( and not discussed with us plebs).
Again IMVHO.
Sorry to be so verbose. (Politics,Politics).
Last edited by arsenic:
BTW Chaina Yunnan Sn Have made no move in the 10 odd years I've been in MLX.13/05/21
MLX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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