MLM - discussion, page-11

Frustration at the Sconi sale outcome is understandable but more from a MC rather than a share price comparison. Prior to the Sconi acquisition AUZ had a market capital around $24m, is now at MC of $92m after falling from over $300m and would seem to have management (less well paid than ours?)  that gives some confidence for MC recovery to previous highs. MLM current MC is $10m.

The suspicion lurks that more diligence might could have improved the outcome as the EV revolution was being foreshadowed for some time prior to the Sconi deal - but who knows? "Hindsight is notably cleverer than foresight", so the saying goes.

Unfortunately, diligence also comes into question with the protracted delay in start-up of Urquhart Bauxite causing many shareholders to abandon ship. Many of the SH remaining are frustrated as we have a marketable resource sitting idle, and may be amenable to new blood being injected to the BOD?