There is no activism without buying the voting blocks so in any scenario buying pressure is building which is good for all the retailers like us.
Recap- APAC was able to do the 304 non confidence motion when they were at close to 20%.
The then board resisted and when the quarterly was out when Nifty was bleeding like a river they all folded and Brett got in.This was more than 80c a yr ago ,granted the Sn price was at record high aswell then.Sn indicating the same move now and with plenty of cash and tin in the ground ,this time MLX will break all time record high.
Nobody in their right mind will sell MLX now.
MLX Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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