MLX has spent more than $150 mil trying to turn Nifty around in the past 3 yrs with no evidence of success.
The resource ,reserve and the grade is there.With the recent increase in development rate and improvement in paste , electrical and ventilation system , accessing that virgin reserve away from the troublesome central zone is near.
However I believe time has run out and sharks are circling (rightfully ) and soon Nifty will be a takeover target.Change in company name but the asset is solid.
To answer your question , yes shorting now is very risky. Well they have flagged Sept. Q will be flat so there might be an interim drop in sp when they release their Q but 15c for the asset they have is undervalued.Unfortunately with the current mgmt. Even 1c is overvalued.
Damn...maybe i should've applied for APAC's PR company
MLX has spent more than $150 mil trying to turn Nifty around in...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $385.5M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 42.8¢ | $436.3K | 1.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53545 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 56 | 1 |
View Market Depth
| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |