Hi Bebo
When considering what price a share can get to, you need to look at the no of shares on issue and the assets held and their value and earning potential. MLX has nearly 1 billion shares on issue so at $1 per share it would be be worth $1 billion dollars (1,000 million dollars) - that's a lot! To support a valuation of a billion dollars MLX assets would need to generate net profits consistently of say $100+ million pa. Where is this going to come from? Nifty is arguably worth little as it's not making any profit - it's been losing money hand over fist. Wingellina has some value but this is relatively small based on huge capital cost to develop. Renison has some value (brokers value MLX's 50% share at around $135 million or approx. $0.15 per share). So all up at present maybe $ 0.20 per share. That's miles off $1 per share so the answer to your question is No, MLX can't reach $1 per share in the short to medium term. Long term anything is possible if Nifty and Wingellina are successfully sold and Renison outperforms strongly into a stronger Tin demand/price environment ($1 per share is still miles off even in a strong Tin environment).
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
39.0¢ | 40.5¢ | 38.5¢ | $1.265M | 3.199M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 140053 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 302007 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 140053 | 0.400 |
2 | 47539 | 0.395 |
2 | 120000 | 0.390 |
4 | 232811 | 0.385 |
5 | 111313 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 302007 | 9 |
0.410 | 247820 | 7 |
0.415 | 162844 | 7 |
0.420 | 100197 | 3 |
0.425 | 115000 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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MLX (ASX) Chart |