I think the CR is almost unavoidable given the weak Tin/Copper price under the epidemic shadow.
Yes BHP and FMG are interest in Nifty however I doubt they are in a rush to table an offer: the longer it drags the more pressure on MLX to take a firesale price.
Raising new capital, although delusive to the existing holders, does make sense putting the company in better financial position for negotiation.
I think the CR is almost unavoidable given the weak Tin/Copper...
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 (20min delay)
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Last
54.5¢ |
Change
-0.010(1.80%) |
Mkt cap ! $483.0M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 54.5¢ | $613.2K | 1.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 75745 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 48986 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |