Hi guys I thought I would do a quick check of quarterly one year ago to see true value creation . cash was 167 - should be around 245-250 now add the cash gone to development , buy back and first tin one can see MlX is creating significant value per quarter and over the last 12 months important to note also the CYM notes now have a lower ex price and CYM itself has more cash to pay interest and they extracted another 5 m from these notes interestingly the SP this time last year was similar to what it is now with more shares on issue back then.
this is why I believe in a relative basis , MLX is much cheaper now than a year ago , even if you just look at change of cash . Production performance has also improved markedly
MLX Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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