Thinking about what I said here, suspect that CYM will have teed up the finance and MLX checked this out. Its an unusual situation with far less setup time and cost than a bare ground mine proposal. There is a couple of hundred million bucks worth of plant setup cost sunk there already, drilling to prove up resource done. Copper prices excellent and every prospect of getting better. They may have to pay more interest than on a standard bank situation, but there are mine financiers around and this one is more de-risked than most. Nothing is a sure thing, but for a financier lending part of it, getting a return considerably above current negligible levels available on bonds etc, is an attraction for sure.
If copper price holds up, and there are indications it will..electric car craze, should be able to pay back and get a good return on investment before too long.
- Forums
- ASX - By Stock
- MLX
- Ann: Trading Halt
Ann: Trading Halt, page-59
-
- There are more pages in this discussion • 33 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
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $403.4M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 43.5¢ | $545.3K | 1.222M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 369440 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.445 |
7 | 271076 | 0.440 |
4 | 151499 | 0.435 |
2 | 7000 | 0.430 |
3 | 50559 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 369440 | 6 |
0.455 | 62738 | 5 |
0.460 | 197582 | 8 |
0.465 | 1153304 | 3 |
0.470 | 217733 | 4 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online