Looks like a great deal and a HUGE derisking event. Happy to fill my boots at 18c. Given MLX is also to receive $5m from EMR this quarter I think we’re looking at a potential cash balance @ 31-March of ~A$50m. This is huge - debt repaid, nifty C&M disappears, rehab obligations gone.
Will take a few more quarters of mining low (ish) grade at Renison and capital spend but I can’t see how this isn’t sitting at 35cps+ in 12 months. A fairly low risk bagger is you ask me. DYODD etc.
Ann: Reinstatement to Official Quotation, page-14
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43.0¢ |
Change
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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¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 23408 | 4 |
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