they hold 2% MLX and 20% of SRZ
Don't think they can influence the MLX SP much but they can certainly suggest a script TO with a better MLX price providing an implied TO that is much higher
For example at a SP of 38c MLX could offer 30% more for SRZ and ensure a much higher probability of success.
Another way to look at it is Neor has a free option on MLX in that they can increase their holding in MLX via the facilitation of script TO of SRZ
I have to admit, reading TrouserGhecko posts , i think i am being much too conservative on the upside
He makes a good case that this could trade in the 2c 3c and even 4c range
My thesis has been a TO, but i can see a growing resource may indeed provide significantly more upside medium term
they hold 2% MLX and 20% of SRZ Don't think they can influence...
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $37.43M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $26.17K | 1.458M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 6643988 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 176636 | 3 |
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| Last trade - 15.59pm 04/11/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |