How long can MLX continue to rely on its small nickel royalties to help prop up the company?
I read with interest from the Quarterly report that MLX produces tin at its Collingwood plant for $22960 US/tonne. Thats a bit more than its projected cost of $3500/ tonne. If tin prices keep going up they might even break even! (tin now around $16750 us tonne) They plan to ship all the tin from Collingwood to Renison to reprocess it AGAIN to make it more pure- so costs must be going up even more!
Brenden if you are going to ramp up a stock at least pick one that has some change of at least breaking even.....!!!
Incidently the PON change each day depends on the time you mark the daily price. It went down late Thursday by 3.5% recorded by Kitco, but Bloomberg recorded its price earlier at no change. Hence the next day with a 7% rise Bloomberg said up 3.5% and Kitco up 7%. These are not abnormal daily fluctuations and nothing to be exited about.
Brendan instead of you numerous posts and ramping here, why dont you research your stock? Look into the tin and nickel markets and MLXs costs. Its not pretty.
MLX Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)