Lots of great information and pontificating on the possible outlooks and m&a , of late.
The problem is APAC and their offtake incentives, which is probably why the sp gyrates between 28 and 32, but never higher, even as world output uncertainties and ST prices continue to rise.
For yet another company owned by apac and led by another APAC guided individual, pop over to MGX. Huge cash holdings, no guidance and frustrated holders. Sound familiar?
In effect, us, the register, is paying for these companies to earn interest, that you could do better yourself, with no planned dispersions , no outlooks and what are very favourable LOM agreements.
Probably why we need a few 249's to flush these entities of leeches, and run these companies for the benefit of ALL shareholders.
Anyway, keep your emotions out of your trading and instead , keep your eyes on the prize...
MLX Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
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