Shady I hope you are right in that rni shares in mlx for payment of GG have been already agreed to be sold.
I have a sneaking suspicion we will see a no bounce in mlx price is this is the case provided the buyer is seen a lt holder. Now let's just say that there is an expected bounce in mlx, there could be a case for the board to hold onto excess shares for a little while longer as the Cr will kick in.
The traders are making good money on the turn with mlx as it rises in morning trade to retreat afternoon trade.
Mlz has not seen the same uplift as its peers but my read on this is because of the overhang in shares fot GG and the other acquisition. Once that's sorted rni could have much more money in bank than first anticipated if they held onto excess shares. I just wonder whether the bod is considering?
MLX Price at posting:
$1.38 Sentiment: None Disclosure: Held
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