I'm not taking about the short term. I'm taking about MLX getting the issues regarding regular flow of the targeted ore flow to Nifty's concentrator corrected. When the plan is executed properly then the company and the SP will have a chance to reach a much higher valuation As it is the potential for a panicked raising or an option. Don't forget we have people calling this down to 10c etc.
What I'm saying is prudent capital management has been a hall mark of this company and the current raising should be no different. For instance I'm positioning for the Rentails expansion and that should only be achieved (with it's attendant raising) on the back of solid fundamentals form Nifty.
Note too that management would be positioning for short term weakness and thus cash low weakness in the Cu price received (over and above the hedges).
Sorry I can't alleviate anyone's short term pain including my own and I accept HC 's focus is usually very short term or at least so on a number of posts weighted basis.
MLX Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
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