No institutional support at this market cap level. Would need to see at least 500mn market cap before insti money comes in. In the meantime it’s all down to retail and specialist investors. For non-Aussie investors many would prefer Alphamin over MLX for various reasons.
Nevertheless as long as tin stays roundabout US$25k/t I’d expect MLX to be comfortably cashflow positive. Now just hoping that CMO’s projections on AISC turn out to be correct by latest end Q3. If so, the company should be generating a decent quarterly profit.
No institutional support at this market cap level. Would need to...
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Last
55.5¢ |
Change
-0.025(4.31%) |
Mkt cap ! $491.9M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 57.5¢ | 55.0¢ | $1.518M | 2.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35000 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 117010 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |