MLX 0.00% 39.5¢ metals x limited

Exactly. It doesn't matter how good the investment is. I can...

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    Exactly. It doesn't matter how good the investment is. I can throw up plenty of speccys with just as good prospects, just as 'well run', if MLX is a spec punter now???

    It matters that a tin focused producer had no business going off and buying shares in a gold speccy (that just happened to also be held by the dirs parent company). As wb200 stated, if it was done as part of a clearly articulated capital allocation strategy than you'd make room, but that decision was terrible, regardless of whether it ends up being a decent investment, and justifying it as therefore ok is not want you want to be rubber stamping your directors to do.
 
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