Agree with a couple of points there... Won't droll on what I do not... But I do wonder, why would MLX not pay a dividend? The did a share buyout previously, has been producing Tin for few years now, did fabulously with price of their acquisitions and also opportune prices when selling their investments. They have a good warchest for sometime and still have plenty of cash, prudent to slow down on costs of Wingenilla when necessary... So if opportunities are not ripe, why not return some of these funds to shareholders as a dividend- for their support of he company through the years and mostly support a lagging SP that is not fair value to the company?
Surely, the boost the sp itself will be worth the expense- it will fuel potential for other corporate activity, even a CR ( not that it is necessary here ) but there was always talk of a JV needed if a full project is initiated at the Tin Tailings Constructions. So a vote PLUS FOR DIVIDENDS.
I hope management do notice / track forums, or someone else may share this view and email our collective view to the company- simply their email is avail on their website and also all co. Searches on broker sites.
MLX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)