MLX 1.10% 45.0¢ metals x limited

Ann: Ceasing to be a substantial holder, page-85

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  1. 2,806 Posts.
    lightbulb Created with Sketch. 591
    but more than likely get the numbers
    I don't agree cashme.
    I agree a takeover bid at 18 cents would get ready acceptance from the punters like me who have been charging in at 10 and 11 ....but that represents at most 20% of the register .
    You provided a helpful shareholder analysis a few weeks ago ...13 significant, unassociated shareholders including Perennial with from memory 68% of the share register . Let's now remove Perennial's 6% .
    I suggest that all of these 12 shareholders are long at prices above 20 cents and whilst some are there for the now dubious value in Nifty copper I cannot see them accepting 18 cents . yes some of them may have sold at recent prices ...which must explain some of the very high MLX share turnover but those that remain must be influenced - like you- in the residual value in the Renison asset .
    I dont think a bid at 30 cents would succeed either.
 
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Last
45.0¢
Change
-0.005(1.10%)
Mkt cap ! $399.0M
Open High Low Value Volume
44.5¢ 45.0¢ 44.5¢ $137.4K 306.6K

Buyers (Bids)

No. Vol. Price($)
24 184565 44.5¢
 

Sellers (Offers)

Price($) Vol. No.
45.0¢ 75844 16
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