MLX 2.06% 49.5¢ metals x limited

Ann: Ceasing to be a substantial holder, page-85

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  1. 2,812 Posts.
    lightbulb Created with Sketch. 600
    but more than likely get the numbers
    I don't agree cashme.
    I agree a takeover bid at 18 cents would get ready acceptance from the punters like me who have been charging in at 10 and 11 ....but that represents at most 20% of the register .
    You provided a helpful shareholder analysis a few weeks ago ...13 significant, unassociated shareholders including Perennial with from memory 68% of the share register . Let's now remove Perennial's 6% .
    I suggest that all of these 12 shareholders are long at prices above 20 cents and whilst some are there for the now dubious value in Nifty copper I cannot see them accepting 18 cents . yes some of them may have sold at recent prices ...which must explain some of the very high MLX share turnover but those that remain must be influenced - like you- in the residual value in the Renison asset .
    I dont think a bid at 30 cents would succeed either.
 
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Last
49.5¢
Change
0.010(2.06%)
Mkt cap ! $443.8M
Open High Low Value Volume
47.5¢ 50.0¢ 47.3¢ $1.594M 3.257M

Buyers (Bids)

No. Vol. Price($)
2 10749 49.0¢
 

Sellers (Offers)

Price($) Vol. No.
49.5¢ 309380 3
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