The administrators in at RDR opens up an opportunity. Even though MLX may have some small residual holding in it.
MLX played it correctly by not getting carried away in any merger talks.
Has lots of cash and credibility in talks with administrators
Has lots of flexibility like floating a Meekatharra centric gold offshoot.
Can walk up to the administrators and ask whether they now want to toll treat some ore.
The flurry of MLX sp on Friday was probably allied to the impending RDR Announcement. Former holders always complained that certain RDR holders got advance warning and acted on rumours that were later proven.
MLX Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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