Ann: Investment in First Tin Plc, page-23

  1. 765 Posts.
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    Taking the numbers above at face value (even though probably not a good idea …) it would seem to be a good investment. Stock IPOed at 30p and was a Mark Thompson promotion which subsequently faltered because of Covid and other issues. So MLX is now getting in at an 87% discount from IPO. Not too bad at all.

    Nevertheless I hope management will still continue to pursue a meaningful share buyback. At current pricing a buyback is likely to yield a 40%+ IRR. Not any worse than doing the opportunistic 1SN investment or Rentails without any of the operational risks.
 
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(20min delay)
Last
58.0¢
Change
-0.015(2.52%)
Mkt cap ! $514.1M
Open High Low Value Volume
60.0¢ 60.0¢ 57.3¢ $1.166M 2.008M

Buyers (Bids)

No. Vol. Price($)
5 35405 58.0¢
 

Sellers (Offers)

Price($) Vol. No.
58.5¢ 238290 3
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Last trade - 16.10pm 31/07/2025 (20 minute delay) ?
MLX (ASX) Chart
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