They have $40m of cash.. $40.... they only need to start paying the Citi debt at $2m per quarter starting next quarter. Nifty C&M all but done. Renison half hedges at A$25k/t and current spot is A$25k/t .. should still make cash at those prices.
So $40m easily gets them through the year and into Area5.. once in Area5 I’d be expecting 1,250kt Sn per quarter MLX share at circa A$14k/t cost.. that’s $14m in cash generation per quarter based on current prices
And then there’s the nifty sale...
They have $40m of cash.. $40.... they only need to start paying...
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.5¢ | $591.9K | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 225200 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |