mike, although don't hold mlx, I to would prefer a steady rise in the tin company I have an interest in rather than big jumps. it is somewhat unnerving when a big jump equates to more than $100k in space first 5 minutes of openning.
but balanced out when you go to work and an auditor type queries say $30, said type probably paid $100k and you think what is this guy really on about.
the quarterly report will be a very interesting read and for you shareholders I hope mlx are able to take advantage of the higher tin price - I hope they are not locked into a fixed price etc.
obviously if they can sell some of the concentrate for spot then that would be at a very high profit margin.
on reflection the chinese were very wise when they bought 50% [I think it is] of the company and daresay mlx needed the extra cash for more development
MLX Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
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