MLX 0.00% 40.0¢ metals x limited

Ann: Update on Mt Gordon Copper Payment, page-129

  1. 15,443 Posts.
    lightbulb Created with Sketch. 1383
    IMVHO they can't be specific with answers till a decision is reached on Nifty.
    Nevertheless, they're doing the groundwork on making Renison more efficient (at least they've proven they know what they're doing there).
    WRT Tasmanians. It's actually a WA company just happen to have a good asset in Tassie. Even with the Tassie assets, they have managed to improve the usual/ old tassie work practices that have held things back.

    BTW IMVHO the main engineering/ practice they need to be efficient is to use Jumbo(s) to do the cutting. They do that and had a bit of fun with trying to get it right at Nifty too. it's why I said I want to see them putting money into capital development. i.e. cutting drives to ready stopes. I suspect the very difficult conditions at Nifty made them do some high-quality planning/scheduling at the more straightforward Renison however I can't be sure.

    Just wait till Ventnor (VRX) actually try and run their mine which is in Tassie.
    Last edited by arsenic: 23/01/21
 
watchlist Created with Sketch. Add MLX (ASX) to my watchlist
(20min delay)
Last
40.0¢
Change
0.000(0.00%)
Mkt cap ! $362.4M
Open High Low Value Volume
40.0¢ 40.5¢ 39.5¢ $620.9K 1.555M

Buyers (Bids)

No. Vol. Price($)
3 204418 39.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.5¢ 169286 4
View Market Depth
Last trade - 16.10pm 10/09/2024 (20 minute delay) ?
MLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.