Yeah even though the market has been warned of the gross $34m closure costs over first 2 months (net $21m) I could see a nasty reaction as for whatever reason the market misses the quantum. So long as the company is around that $10m net debt mark (ie $25m cash, $35m Citi loan) and there are reassurances the banks are ok then I see no real issues as should be cash flow positive/neutral going forward.
MLX Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
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