Although the future is definitely looking brighter, a few things also need to be taken into account..
The illiquidity:
Your 'normal' , run of the mill insto will be fully aware that they might be able to get in, however getting out easily is a completely different story.
Especially with the current buyback and reduction of shares on offer. Just ask Old Peak.
Yields:
Already discussed time and time again.
Opacity of ownerships.
Again, been discussed previously
Is not in the index:
Maybe attractive to boutique buyers, but now that APAC are firming up their moat, I doubt anyone will want to own with current lack of guidance.
In all likelihood, something will probably happen with an Australian listing , in order to circumvent FIRB limitations.
Rise of tin price.
I bet at 50k/T, Myanmar will start to supply again, but non-accounted, cross border supplies.
Indonesia will no doubt have another sniff too, and unit costs dropping considerably will bring more supply to market, that wasn't available beforehand.
This is likely going to be a really interesting retailer stock.
Buy it, enjoy the ride, and maybe allow a bit of capital for trading, as well as a core position...
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Last
43.0¢ |
Change
-0.005(1.15%) |
Mkt cap ! $385.5M |
Open | High | Low | Value | Volume |
43.0¢ | 44.3¢ | 42.5¢ | $1.125M | 2.590M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 265 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | 0.430 |
2 | 60520 | 0.425 |
7 | 114140 | 0.420 |
4 | 71335 | 0.415 |
7 | 147220 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 265 | 2 |
0.440 | 68321 | 4 |
0.450 | 4425 | 2 |
0.460 | 201222 | 2 |
0.480 | 50000 | 1 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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MLX (ASX) Chart |