trading halt, page-14

I don't know much about about mlx at all but I do follow carnegie wave energy. Tomorrow their cap raising finishes. A couple of days ago they announced the royalty, with just enough time to inspire more takers. It might come as a surprise but very few, if any, cwe shareholders were even aware of the royalty entitlement. The timing of the trading halt today does make me think it'll be a negative for cwe and a positive for mlx. After all, it did it's job for the cap raising.

But I have no idea of mlx's business at all, so I hope you are right that's it's something different.

While I'm here, I should add that I don't understand how the mlx analysts seem to say that the higginsville purchase was a great resource bought for a great price, if it wasn't for that pesky royalty agreement. Surely that royalty agreement lowered the cost of the asset when it was purchased. I think mlx needs to suck it up and deal with it- it's what they presumably paid for. Bit late crying poor.

Luckily my views aren't constrained by any detailed research!