Nice one lads! From technical charting perspective alot of potential upside here and has broken a long term down trend! Worth a small parcel in my opinion !
I've been a Metals X shareholder since the time they were struggling to get rid of that defunct copper mine. I have to admit that it's probably the most mysterious stock I own. It's like an information black hole. Data flows in but doesn't come back out.
Ahhh MLX, the most thoroughly underwhelming POS company I’ve had the displeasure of working for… it should not surprise that they continue to do strange things.
To be fair the DFS for the Rentails project capex is around 200M so all that cash will be re-invested should there be a positive FID in the near future.
Great work on MetalX APAC. I’ve been intrigued at the grade decline, milled tonnage and translation to bottom line … looking further into possible power and extensional plans. MetalX have been through the commodity decline mid 2016 which may feed into high cash going into declining demand. G&A a good incentive to keep cash on hand , schools out not sure if this passes the sniff test. JD sea and onshore mining in Indonesia is considered an ecological disaster bolstering ESG argument for AU CDN supply.
Cheers mate - there's so much to unpack here. Yeah perhaps the cash is a business buffer - though quite a chunky one at the moment. Agreed on the sea and onshore mining; wouldn't get away with that in Aus.
Trav your a shareholder now Of Metals X . Ding dong . What new Info has given you the confidence to get into this stock . The mess of the management really messed my encouragement to buy into it ?
re CEL - Shareholders are having some trust issues with management. At RUI the managing director tells everyone that 'they need to raise but have no concerns about where the money's coming from' and then they raise at a huge discount on the same day they release a Resource. Also they have 2 resources - and their head Geo just came on and took shares in lieu of a salary for 3 years. I think they're decent resources but can't trust the management's word. Long term chart tells the story.
Yes, thanks, more attention to what Directors are buying and selling is worth your attention
Thanks cobba - we'll keep our eyes on it!
GREAT EPISODE BOYS, in the Tin space, Venture minerals has one of the world's biggest tin deposits in TASMANIA, struggling to get permitted.
Cheers mate - we'll chuck Venture in the watchlist!
Interesting show!
Nice one lads! From technical charting perspective alot of potential upside here and has broken a long term down trend! Worth a small parcel in my opinion !
Proper Solid Dude Diligence
I've been a Metals X shareholder since the time they were struggling to get rid of that defunct copper mine. I have to admit that it's probably the most mysterious stock I own. It's like an information black hole. Data flows in but doesn't come back out.
Hahaha we agree mate. They've come a long way since shifting Nifty. Hopefully a bit of activism on our part goes some way to changing that!
Great update to a stock i used to follow. Loved the TIN narrative, but gave up after the Toyota debacle in Morocco.
Thanks cobba!
Ahhh MLX, the most thoroughly underwhelming POS company I’ve had the displeasure of working for… it should not surprise that they continue to do strange things.
A bit of juicy word on the decline there mate!
To be fair the DFS for the Rentails project capex is around 200M so all that cash will be re-invested should there be a positive FID in the near future.
Yeah not a bad angle mate - a potential option for sure!
Great work on MetalX APAC. I’ve been intrigued at the grade decline, milled tonnage and translation to bottom line … looking further into possible power and extensional plans. MetalX have been through the commodity decline mid 2016 which may feed into high cash going into declining demand. G&A a good incentive to keep cash on hand , schools out not sure if this passes the sniff test.
JD sea and onshore mining in Indonesia is considered an ecological disaster bolstering ESG argument for AU CDN supply.
Cheers mate - there's so much to unpack here. Yeah perhaps the cash is a business buffer - though quite a chunky one at the moment. Agreed on the sea and onshore mining; wouldn't get away with that in Aus.
Very gud, Cheers!!
Thanks fella!
Trav your a shareholder now
Of Metals X . Ding dong . What new Info has given you the confidence to get into this stock . The mess of the management really messed my encouragement to buy into it ?
We'll keep reporting on Metals X mate - we're eager to get management on the show to discuss there plans for the business!
re CEL - Shareholders are having some trust issues with management. At RUI the managing director tells everyone that 'they need to raise but have no concerns about where the money's coming from' and then they raise at a huge discount on the same day they release a Resource.
Also they have 2 resources - and their head Geo just came on and took shares in lieu of a salary for 3 years. I think they're decent resources but can't trust the management's word. Long term chart tells the story.
Interesting one mate - if you can't trust the management it's very hard to get comfortable with the company for us!