Had a look at BTR, thanks for that. Its got plant, and starting to produce. But ask this question. Who benefits? Shareholders? At 2 g/t? Westgold (2.6 gt?) is producing at a bunch of mines and plants, tightly run now, and after how many years, 5?7? It has just produced its first dividend with the POG over US$2k/oz. Yep, A$0.01. Only 500m shares on register. Good.
Ever heard the old joke about the guy who bought a crate of sardine cans in Italy from an old Jewish trader for a bundle in WW2? He got hungry and opened one. It was rotten! Another, rotten too! All rotten. He goes back furious to the trader. Ripoff!! Refund money!!! No,no,no, trader says, these are not eatink sardines, these are buyink and sellink sardines.... Hello BTR etc.....but the directors will now be able to support their lifestyles on the limited income for years, now. 2gt ? Thin seams?
TAM 4.2 g t for 1.1 mt, with 28 g in an oz, 7 tons free milling for 1 oz. BTR 14 tons/oz. Hope the directors send all the skint shareholders a Christmas card from the beach resort, at least. With a little thank you note? Not likely.
I dont want to veer too far off ttopic this is an MLX discussion site,but MLX is significantly on the TAM register.
Think your point about capital management plans etc a good one, mind.
MLX Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
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trader says, these are not eatink sardines, these are buyink and sellink sardines....
Hello BTR etc.....but the directors will now be able to support their lifestyles on the limited income for years, now.
(20min delay)