MLX 1.15% 43.0¢ metals x limited

Fitnfam - some things to consider: MLX have already paid for...

  1. 43 Posts.
    Fitnfam - some things to consider:

    MLX have already paid for their Aus Alacer acq with money generated from their newly purchased project - just as NST did - so it now owes them little (if anything) and they are still producing profitable ozs. Acq of MGO has already repaid itself if you look at the bigger picture wrt CMGP and the capex savings.

    Are you are comparing jumping on NST (at that time a penny dreadful that had nothing except the possibility to acquire Paulsens) at 4c with getting in on the ground floor of MLX, a well established, financial, diversified and strategic company?

    And as for the remarks about poor communication - have NST shareholders factored in the extent such things as mine closure costs and employee costs they have either had to pay already, or are having to account for for the future? These hidden costs are the reason that the assets "purchase price" paid by NST were at such bargain levels. All here in the goldfields know that.

    Not to detract from NST in any way, their work in securing shareholder returns has been sensational - a real credit to those involved and a story that will go down in Aus mining history in a good way, its just you might need to find the fruit bowl and compare apples with apples.

    By the way, well done for getting in on NST at 4c. I'm tipping you havent sold any of them yet either?
 
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43.0¢
Change
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43.0¢ 44.3¢ 42.5¢ $1.125M 2.590M

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1 24999 43.0¢
 

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