MLX metals x limited

4.58%

62.5¢

Ann: Change in substantial holding from MS, page-8

First 8 Last

Share
Profile

Follow
Cashmeoutside

3,264 Posts.

2192

23/10/19

18:52

Post #: 41037494
Share

Originally posted by padhai ↑

yes they did.That was the 9mil that they got from their entitlement rights issue .on 14th Oct.

I don't blame them for making a 50% profit within a few weeks.They haven't sold their initial holdings .Anyways those shares were gobbled up by L1 Capital who increased their stake from 0% to 15% during the same period.

I blame the incompetent management who have raised capital $50mil last Aug @67c and then again at 15c for $32mil AND not to mention the debt of another $32 mil with city.

Remember when they raised at 67c they annouced it was on track to acheive its 40,000 Cu tonnes per annum without needing to raise any more capital.
Granted that was in Mr .Hallam' reign.

Mr .Marentelli announced the Nifty reset plan and slash the target from 40,000 to 28,000 Cu tons per annum but soon after slashed the same target with a suprise Debt and subsequently a capital raise when the sp was already so depressed.

So before blaming MS or APAC or any other investors for cashing in a profit , maybe the management should have a look at themself for the blatant lying & scaremongering they are campaigning.

Expand

They sold 9m net. So effectively they got 10m in the placement and sold 19m.. so they change in sub holder notice is not about dilution as you put it. Agree with the rest.

MLX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASE

Astute delivers high-grade lithium hits at Red Mountain

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 62.5¢		Change -0.030(4.58%)		Mkt cap ! $553.9M

Open	High	Low	Value	Volume
66.0¢	66.0¢	61.0¢	$2.280M	3.628M

Buyers (Bids)

No.	Vol.	Price($)
4	86376	62.0¢

Sellers (Offers)

Price($)	Vol.	No.
62.5¢	180867	5

View Market Depth

No.	Vol.	Price($)
1	70000	0.620
1	1000	0.615
11	248884	0.610
4	40722	0.605
15	244183	0.600

Price($)	Vol.	No.
0.625	161645	2
0.630	18542	1
0.635	7000	1
0.640	30962	2
0.665	40000	1

Last trade - 16.21pm 25/07/2025 (20 minute delay)

MLX (ASX) Chart

Ann: Change in substantial holding from MS, page-8

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Astute delivers high-grade lithium hits at Red Mountain

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Change in substantial holding from MS, page-8

Top Stories

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Astute delivers high-grade lithium hits at Red Mountain

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News