MLX 3.41% 45.5¢ metals x limited

what are the negatives with this company ??, page-9

  1. 15,516 Posts.
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    The only negative I can see on the co. is one that hasn't eventuated yet. I.e they commit big capex to gold and find the gold price goes down. Also the gold at Great Fingall is refractory I think so not cheap ounces.

    The tin price two years forward is weak.

    Biding their time and pushing a decline down to the Ore in the territory is a good move. Capital management via buy back of shares is also discipline.

 
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