Thanks mate, I appreciate that comment particularly from you. Have followed ur work in numerous stocks (adt, deg, bsx et al), you get to know the folks worth following after a while and ur certainly one of those.
Now after blowing each other’s tyres up let’s talk stock... I actually think you’ve got some time here to rally some funds before it pulls away. Big caveat on that is the nifty sale or tin price. Think they’ll find a funding solution in the next month (in the form of nifty or wingellina sale/partnership), once the market knows there is little chance of a highly dilutive CR it will rerate and quick IMO.
Risk is still present for a CR particularly given the current nifty C&M bill and the lack of cash flow from Renison whilst they do the capital development works to open up Area5 (ventilation, development and now building extra pillars due to geotech issues)... 1100m UG you get these issues but once they get it humming I could see 5,000tpa Sn @ A$12k/t AISC MLX share in 12 months, could be current mcap in free cash in sub 12 months
MLX Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
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