Compared to many small caps, burdened with great resource, but also great debt load, MLX is in an enviable position.
No need to cap raise, simply to just survive.
If the market rolls over and the current SP and the last yearly % gains degrade heavily, any sort of real drop provides more opportunity for higher SP holders to average down.
Alternatively, it might also provide great opportunity to purchase any distressed resource or logistics entities, that might find itself in difficulty...
Ann: Appendix 4D and Half Yearly Report and Accounts, page-50
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.5¢ | 42.0¢ | $456.3K | 1.071M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 714 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 55922 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |