Agreed. The low price on Grange was also due to their high-cost operations, they held cash to protect the company during low iron ore cycles. Iron ore then boomed --> special dividend.
I generally like the operations of MLX, I just don't like how these independent directors got on the board + their ties with APAC. I certainly don't think the asset will be stolen.
Will be watching, cheers.
Ann: Quarterly Activities Report, page-181
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Last
41.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $376.0M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 42.0¢ | 40.0¢ | $546.1K | 1.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 140000 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 237326 | 8 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |