they hold 2% MLX and 20% of SRZ
Don't think they can influence the MLX SP much but they can certainly suggest a script TO with a better MLX price providing an implied TO that is much higher
For example at a SP of 38c MLX could offer 30% more for SRZ and ensure a much higher probability of success.
Another way to look at it is Neor has a free option on MLX in that they can increase their holding in MLX via the facilitation of script TO of SRZ
I have to admit, reading TrouserGhecko posts , i think i am being much too conservative on the upside
He makes a good case that this could trade in the 2c 3c and even 4c range
My thesis has been a TO, but i can see a growing resource may indeed provide significantly more upside medium term
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Last
1.6¢ |
Change
0.002(14.3%) |
Mkt cap ! $33.27M |
Open | High | Low | Value | Volume |
1.4¢ | 1.6¢ | 1.4¢ | $3.454K | 220.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 729968 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 632350 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 729968 | 0.014 |
5 | 1318931 | 0.013 |
4 | 1197795 | 0.012 |
2 | 635004 | 0.011 |
2 | 200000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 632350 | 2 |
0.017 | 226315 | 3 |
0.018 | 414285 | 2 |
0.019 | 1825110 | 5 |
0.020 | 2312029 | 3 |
Last trade - 10.19am 09/09/2024 (20 minute delay) ? |
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SRZ (ASX) Chart |