No one said it’s ‘worth’ zero. MLX is never going to realise Nifty’s ‘worth’ because it simply does not have the financial capacity or technical capability. You can’t expect a buyer to pay what it’s ‘worth’.
All I am expressing is my preference that given the option of hanging onto the asset, paying not insignificant C&M bills and doing a highly dilutive CR or parting ways with the Asset/restoring balance sheet my preference is the later. MLX SP will continue to get crushed by the market if it continues to hold nifty due to its history of shareholder wealth destruction.
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 (20min delay)
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Last
54.5¢ |
Change
0.010(1.87%) |
Mkt cap ! $474.2M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.0¢ | 53.5¢ | $1.284M | 2.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 162162 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 14401 | 2 |
View Market Depth
| Last trade - 10.32am 26/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |