"I took your overall comments to be positive ,but you still sound skeptical "
No, No... Don't get me wrong... Have been watching it for a while... Market sucks though, and CAPEX is a BIG issue for everyone.
The HUGE plus here is that they have revenue from Tin - and eventually profits... This goes a very, very long way when financing a project like Wingellina.
Wingellina isn’t the virgin project for MLX and so they are in a far better position to handle the CAPEX requirements - Plus have some serious major shareholders.
Technically, I think this news will be enough to push the share-price back up to high 30s... Maybe even 40s...
See how we go...
Cheers for the comments - and I am watching MLX with fundamentals in mind.
MLX Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held
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