I think the CR is almost unavoidable given the weak Tin/Copper price under the epidemic shadow.
Yes BHP and FMG are interest in Nifty however I doubt they are in a rush to table an offer: the longer it drags the more pressure on MLX to take a firesale price.
Raising new capital, although delusive to the existing holders, does make sense putting the company in better financial position for negotiation.
Ann: Appendix 4D and Half Yearly Report and Accounts, page-43
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $385.5M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 43.0¢ | $429.8K | 988.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 201402 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 23408 | 4 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |