You can find out the details in the last investor presentation on the ASX news .In my posts I have always referred to MLX's market cap in the fully diluted sense .,and the PE of somewhere around 2 stands fully after allowing for cash and investments . one thing I havent allowed for ,that I should have is the extra $25m they will recieve on exercise of the options .So I have actually been selling MLX short by not including that. LOL Basically there are 125m oppies and they will generate 25m cash which they dont really need at the moment ,so if not all is converted wont hurt one bit ,but I am sure they could put the cash to good use .The great thing with MLX is that they have bags of cash to progress whatever they want .Phosphate would be good . Also, the yearly reports carry all the investor information like shares ,options holders etc ,and is the first place to look ,and the website is also helpful . I suspect JPMorgan have needed to sell down a lot of assets with their problems .I would be hopeful they have finnished now there is a change of holding notice out ,but no guarantees .That 6m lot was probably the crossing .
MLX Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)