Eastwest,
If you go back a few years, the marked did not value Renison at all. It was only after they made some significant changes - removed the mining contractor and went owner/miner, introduced bulk mining techniques in certain areas (after a full geological review) and introduced other efficiency and cost cutting initiatives did it become a more attractive investment. The success here was possibly one of the reasons they "had a go" at Nifty. Unfortunately, it appears they thought fixing Nifty would be like turning around a small gold mine and the lessons that were learned from Renison were no utilised.
Also, I may be wrong but wasn't it APAC that wanted the split into MLX and WGX?
Just my thoughts and DYOR
Metals -X in play, page-32
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Last
43.5¢ |
Change
-0.015(3.33%) |
Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 43.0¢ | $875.9K | 1.981M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50300 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 1137 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |