Patience is certainly required here. I wouldn't have thought that a 15% less tin production for the quarter would make such a difference but it must do. I do see that our trouble is also that the institutions are coming back into the market into the bigger stuff and that we retailers (well, me at least) into junior miners are few. I would think that MLX would be one for institutions at some stage soon. Opinions on this are much welcomed.
I am under the impression that MLX is a well-managed company. At the very least they would be interested in benefitting from selling assets at some time (additionally to the gold situation).
I just get the impression that companies with solid Chinese back are not interested in PR or increasing share prices that much. Opinions on this premise are also much welcomed.
I do believe this is a very good buy atm.
MLX Price at posting:
14.0¢ Sentiment: Buy Disclosure: Not Held
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