Hi,
Metals X and Yunnan Tin Group have a 50/50 joint venture called Bluestone Mines Tasmania Joint Venture that owns the Renison assets.
Perhaps Yunnan Tin Group will make an opportunistic offer for the 50% Joint Venture owned by MLX. MLX cannot make a counter offer due to low share price and weak balance sheet.
MLX ends up with Nifty (don't laugh) some cash etc. Directors reward themselves, spend cash closing Nifty, and MLX share price tanks to zero.
Don't see an out of this scenario.
I have lost a shitload of money so this is academic - except for the fact the AU is losing a strategic asset.
DYOR
- Forums
- ASX - By Stock
- MLX
- Ann: Suspension of Operations at Nifty Copper Mine
Ann: Suspension of Operations at Nifty Copper Mine, page-210
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $394.5M |
Open | High | Low | Value | Volume |
43.0¢ | 44.3¢ | 43.0¢ | $903.1K | 2.065M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 350000 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 231990 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 350000 | 0.435 |
7 | 254698 | 0.430 |
6 | 223822 | 0.425 |
3 | 70635 | 0.420 |
1 | 40200 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 231990 | 1 |
0.445 | 222962 | 4 |
0.450 | 89504 | 3 |
0.455 | 108596 | 2 |
0.460 | 315588 | 7 |
Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online