Hi AquaI agree that MLX is very undervalued provided they can...

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06/02/19

00:49

Post #: 37342759
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Originally posted by Aqua65: ↑

There were operational issues - this well enough known.
Management changes have occurred with new major shareholder Director now having taken the helm .

Patersons Ranges - is a very prospective neighbourhood now . Of significant interest .

Looking out through the next 5-10 years ,seems to be greater additional potential , as well as more miners with a view to the prospects moving in . Significant tying up of all the available land has occurred.
Obviously fuelled also by huge gold discovery , and the rumoured huge find by Rio ?
(Now - as known , Rio have been spending near $1 billlon on local airstrip and infrastructure facilities )

MLX - is also Renison , yes .
Right now -and forwards , is perfect timing for Tin .

Also the company has , or had, a lot of cash in the bank to commence the year .
Deficits at Nifty , offset by Renison tin income - though still cited as justification for the current shareprice..

To me -the Company is oversold and been heavily manipulated down, to where the final shareprice levels sit .

Certainly anyone investigating could check out the substantial shareholder announcements , 2x , announced within hours / short time difference - as new declarations - back before Xmas .
**Borrowed Short -sold shares used , as well as a steady very slow trickle accumulation was achieved by these entities through 2018 .
*Substantial shareholdings achieved by ? Mitsubishi? - under 2 separate (related company entities ) through JP Morgan Japan nominee accounts from memory ?

Unreal anyway -the ways of the world .

Apart from some very significant global entities staking a substantial share holding accumulation over time ;
IOOF seem happy to also have accumulated down here ?

Thankyou very kindly for this insight though, really interesting and appreciate to know that this still the case in WA.

Hence - all factors involved — big money also involved , and substantive holders that been accumulating by stealth , brings us to the shareprice and MC now at.

IMO - very undervalued down here .
My belief obviously .

Actually think it may be quite interesting to see how MetalsX goes now through this year and the next several years .
I hope for my holding to be very longterm , and able to be set and forget even .

A Renaissance? from here in any case .
I think - Must occur . My view .
All the best .

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Hi Aqua
I agree that MLX is very undervalued provided they can get Nifty to perform. Nifty's performance is holding the share price back (and also likely encouraging short sellers). If they can turn Nifty around I expect the share price will roar back to life as the twin ducks of a reasonable copper performance from Nifty plus the stable and consistently strong performance from Renison line up. The cream on top would be continued growth in the tin price.

MLX Price at posting: 36.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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Last 43.5¢		Change -0.020(4.40%)		Mkt cap ! $398.7M

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45.5¢	45.8¢	43.0¢	$1.862M	4.217M

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Hi AquaI agree that MLX is very undervalued provided they can...

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