"That drop in tin production forecast for this year was rather disappointing. This will more than likely create some doubt for investors in MLX's ability to hit that 7,500 tonnes." the drop in tin production for this financial year is because the re-start is late. the rate of production will still be the same! its just taking into account 11 months as opposed to 12 months.
"I think the forecast P/E of 3 whilst cheap, is not totally unrealistic given the broader market sentiment right now and the fact that MLX's earnings will come from only one commodity for the next year or two. "
how is the P/E not realistic given market sentiment? how is the P/E not realistic given the fact its only one commodity? that makes no sense at all... it doesnt matter what sentiment is or whether it comes from one commodity or ten. a p/e of 3 is a p/e of 3!
but heck! i would rather be buying a p/e of 1... so i hope we do crap out.
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)