They haven't 'raised' $40mil they have sold gold forward. 30000oz @ approx A$1350oz
Using really 'rough' ball park figures of A$900/oz costs & A$1350 POG thats approx 33% 'profit' as they still have to pay costs to produce the $40mil of gold, so approx $13.5mil 'profit' over 2 years.
1250 oz/month is approx 10% of MLX production going by the July quarter where production was approx 38000oz
Does that seem about right or am I missing something ?
As long as IO stays tanked & $A stays down MLX will still be generating significant cash flow based on July quarter production & cost. 38000oz x A$1350 - A$900 (total cost of sales) = approx A$17mil
It all hinges on POG & $A vs US$ but IMO, being in the AXS300 now it will move quickly if POG goes up and/or $A keeps going down.
The new Chinese gold exchange may expose so frightening 'truths' about shadowy world of 'real' physical gold vs paper gold from what I have been reading - 'old mother Hubbard went to the cupboard' stuff, could be a big shakeup coming. Maybe just a media beat up but worth a google:
http://www.examiner.com/article/china-will-use-gold-and-gold-pricing-to-force-global-currency-reset
Oct quarter coming up at the end of this month. Tin could be a spoilter if they haven't reduced their cost of production as the Tin price has come back a lot.
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $536.2M |
Open | High | Low | Value | Volume |
60.0¢ | 61.0¢ | 59.8¢ | $1.067M | 1.771M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16800 | 60.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 13011 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 0.595 |
4 | 31256 | 0.585 |
5 | 29241 | 0.580 |
3 | 260000 | 0.575 |
4 | 127470 | 0.570 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 13011 | 2 |
0.615 | 35000 | 2 |
0.620 | 111118 | 3 |
0.625 | 90000 | 3 |
0.630 | 139500 | 3 |
Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
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MLX (ASX) Chart |