ABY has nice tax losses,MLX is using up theirs fast
The company has been restructured already -selling one mine.
Which means the owner/controller(main shareholder)isn't interested in growing its overall Australian operations,just securing the copper concentrate.
Copper processing is on a batch basis-----Plant is sitting with spare capacity
MLX -has copper in the ground,it needs to get rid of to get the gold with it.
Last financial report had asset backing equivalent to offer price.
Synergies - and like Reid resources shareholding($5m from memory?) seed money -having a shareholding and if admin should rear its head -a unspoken potential shareholder - legal challenge to any outcome not in their favour -such as not selling MLX the mine.
Maybe a nudge/nudge wink-wink a larger holder would like out -but at what price and when??
DYOR + DYODD History has shown MLX can happily sit -for years if need be.
MLX Price at posting:
$1.02 Sentiment: None Disclosure: Not Held
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