Exactly. And doubt MLX would have to offer a premium to current share price to buy out Old Peak. Their selling reeks of desperation. MLX could literally have its cake and eat it: (1) do a sub 30c buyback and thereby creating tremendous shareholder value, (2) get rid of a weak shareholder, (3) lifting the price cap in place by Old Peak, (4) still have plenty of cash in the kitty to be ready for future challenges and investments.
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86376 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 180867 | 5 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |