Regarding Greentech, there are one or two large holders who have negative control, so, while I hope they pull it off, I think it will be very difficult for them to get a full takeover across the line, and then query whether they want a partial stake in the HK listed entity. I think they are stockpiling money for Rentails and/or a larger position in First Tin or funding First Tin developments. I agree that while they have attractive investment options in front of them holding the cash is ok, but the proof of the pudding is in the eating, and certainly at some point investors will want cash returned. I believe that if they started paying dividends now the SP would appreciate materially (I'm not suggesting they should - just observing there is a large cohort of dividend investors out there). The worry with a large cash stockpile is they will go hunting for an asset and will pay overs or will try to play where they don't have expertise or an angle. I'm bullish on Tin, the JV operations and this management, I hope they stick to their lane.
MLX Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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