It is very cheap and small shareholders get pretty good protection on the ASX - while it may not be managed as well as it should be, APAC can not steal this from you.
It reminds me a lot of $GRR in 2021: Tassie iron miner with a gob of cash and large Chinese ownership. Cash was discounted as the market feared they'd spend it on hookers and blow during a Hong Kong bender, and then sell the iron below market price. None of that happened and they eventually went the special dividend route and the stock went on to do a 3x.
Ann: Quarterly Activities Report, page-175
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Last
38.5¢ |
Change
0.025(6.94%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.8¢ | 37.5¢ | $836.5K | 2.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 311665 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 120633 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |