Strangely enough IMO, the MLX sp drop has advantages over the...

Strangely enough IMO, the MLX sp drop has advantages over the period of the introduction of NC1, in that it is the major shareholder of the new company, so buying low means you are getting more exposure to the growth of MLX itself, but also increased exposure to NC1 growth by 'proxy'. Not a bad position to be exposed to for those late to the party , and missed out on the share distribution.

By the looks of the top 20, the allotment was highly competitive, so this proxy access too gives alternate means of exposure, without actually owning a single security.

As things look now, exposures to both entities is somewhat unique, especially with the current and future demands of St, nickel, scandium and cobalt.

As someone who missed out on the original share distribution, I'm actually still excited about the futures of both entities..