YES it has chewed a lot of cash.
yes a CR now is unlikely to be successful.
The box and dice are on the Nifty turnaround.
If in 6/12 Nifty is a “NIL fty” then MLX is still worth more than the current market cap ...
I will be very disappointed,
things will happen re N disposal and
Renison will still be the best tin mine in the world
with buckets of reserves and improving profitability.
Now is not the time to pike and be shaken from the tree after the wait we have endured to date.
Today’s announcement plays well in to the shorters’, naysayers’ and Fudsters’ hands to be sure.
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Last
57.0¢ |
Change
0.025(4.59%) |
Mkt cap ! $505.2M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 58.0¢ | 55.0¢ | $2.022M | 3.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19522 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 50000 | 1 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |