There's a lot of moving parts here, but for MLX to be back in the high 30's I estimate you'd need a tin price down around USD$25k and I just can't see it heading that low any time soon. Of course this is only my opinion, but I believe the main driver of the current lower price is not so much the inflation/slowing economy fears of the wider market, but more directly a drop in demand due to China's current COVID lockdowns. Once the lockdowns ease you'll see Tin comfortably above $35k, a price at which MLX is making excellent margin.
At the current price and with MLX cashed up, this is now screaming Buyback!
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
40.0¢ | 40.5¢ | 39.5¢ | $267.8K | 669.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 571790 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 229399 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 571790 | 0.400 |
5 | 236945 | 0.395 |
4 | 61589 | 0.390 |
6 | 114813 | 0.380 |
3 | 48266 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 229399 | 7 |
0.410 | 393800 | 16 |
0.415 | 165327 | 8 |
0.420 | 100808 | 3 |
0.425 | 115462 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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MLX (ASX) Chart |