although MLX has t margin even when fixing future contract to sell at $AUD 1500 / oz I think it is a bad decision. The likelihood of gold price to go up significantly is way higher than going lower, and with ~ $800 or so AISC, MLX could withstand near term gold price dip - and with its huge net cash position it could actually cease to sell for some time - just keep digging and sell when price recovers. So even though I think that this is a good company the latest '$1500' decision was wrong.
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Last
65.0¢ |
Change
0.005(0.78%) |
Mkt cap ! $576.1M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 66.0¢ | 64.5¢ | $1.325M | 2.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24777 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 33005 | 3 |
View Market Depth
| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |