If CYM get nifty / the copper assets going and copper price gets over ur US$9,000/t .. their stock will be $1+ and MLX’s convertible will be worth $100m+. That’s is the leverage you have with nifty. If they fail? Well I think they’ll likely go back to market and raise further equity and eventually if you sink enough capex then you make money (provided the copper price doesn’t tank). The resource is there (at nifty + Maroochydore).
Ann: Reinstatement to Official Quotation, page-37
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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 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |