No point to trigger a default. Convertibles rank junior to senior debt. And if I’m not wrong (from memory) there is a good chunk of senior debt that would have to be paid off first before MLX gets to see a single cent. Don’t have any particular insights, but I’m guessing MLX will renegotiate to receive a good amount of equity and maybe another tranche of junior debt to be extended. My best guess is also that existing CYM equity is pretty much a donut unless a miracle happens.
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Last
58.0¢ |
Change
0.005(0.87%) |
Mkt cap ! $509.6M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 58.5¢ | 58.0¢ | $236.3K | 404.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 533725 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 218923 | 5 |
View Market Depth
| Last trade - 10.04am 18/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |