Ink.
Thank you for that information.
I am an RNI holder and have been watching the trading here for several weeks. I formed the view a couple of weeks ago that the SP was being managed - anecdotal only. My concern was to see the SP finish above $1.28 as of about today as that would clear the Taurus debt and so I am now reasonably pleased to see mid 30s.
When I saw the SP run to $1.45 I was more pleased as any sale above $1.28 puts $180k per 1c into RNI's coffers. Then the management returned imo. Why?
In my view (just a guess mind you), RNI may have already found an off-market buyer for about $1.35, so keep the market price the same. That is the only reason I could think of, but there may be shenanigans as you imply or suggest.
Anyway, today's the EGM day at RNI and I reckon that MLX's SP will start its catch-up after today.
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Last
64.5¢ |
Change
-0.005(0.77%) |
Mkt cap ! $571.7M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 65.0¢ | 62.0¢ | $1.536M | 2.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26194 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.5¢ | 41997 | 1 |
View Market Depth
| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |