There's a lot of moving parts here, but for MLX to be back in the high 30's I estimate you'd need a tin price down around USD$25k and I just can't see it heading that low any time soon. Of course this is only my opinion, but I believe the main driver of the current lower price is not so much the inflation/slowing economy fears of the wider market, but more directly a drop in demand due to China's current COVID lockdowns. Once the lockdowns ease you'll see Tin comfortably above $35k, a price at which MLX is making excellent margin.
At the current price and with MLX cashed up, this is now screaming Buyback!
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $412.4M |
Open | High | Low | Value | Volume |
45.0¢ | 46.5¢ | 44.5¢ | $486.7K | 1.071M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18834 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 71883 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18834 | 0.450 |
1 | 18832 | 0.445 |
1 | 493862 | 0.440 |
4 | 97750 | 0.435 |
3 | 162000 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 71883 | 3 |
0.465 | 80522 | 8 |
0.470 | 385523 | 10 |
0.475 | 528578 | 6 |
0.480 | 163866 | 8 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
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