Short Term Trading Weekend Lounge: 21-23 Dec, page-46

Worth a punt in 2019 is MLX,I hold and have held and sold this stock over past few years and has always been good to me.Present price 0f 37 cents would be about it lowest ever since the break up with WGX a few years ago.

MLX are a Tin miner with their 50% interest in the Renison mine in TAS.This is a profitable mine and recent exploration has confirmed the resource is still growing(not bad for a mine that has been going for a long time).

MLX also operates the Nifty Cooper mine (100%) in the East Pilbara region of WA.This mine has taken a bit of time to get going again(they took over in August 2016) and is yet to reach a profitable state but with increased tonnage, new management and the price of copper things could look better in 2019.

Also MLX has various other irons in the fire ,Nickel amongst them.

The company has low debt, has a number of large shareholders including Mitsubishi UFJ, Australiansuper, etc.

NTA is 28 cents, should pay a dividend in a couple of years,Morningstar value 56 cents.

As always DYOR.

Merry Christmas to all the STT, have enjoyed your posts and research.