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
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $380.6M |
Open | High | Low | Value | Volume |
42.5¢ | 44.0¢ | 41.5¢ | $2.376M | 5.529M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 84513 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 18790 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 84513 | 0.415 |
10 | 292496 | 0.410 |
5 | 92400 | 0.405 |
9 | 40252 | 0.400 |
3 | 163008 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 18790 | 2 |
0.430 | 66396 | 4 |
0.435 | 4644 | 1 |
0.445 | 174250 | 5 |
0.450 | 84690 | 3 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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