MLX metals x limited

4.59%

57.0¢

They sold 9m net. So effectively they got 10m in the placement...

First 8 Last

Share
Profile

Follow
Cashmeoutside

3,242 Posts.

2171

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

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

'Not possible' to port renewable gas: ACCC takes AGN to court

BOE

Boss extends June win streak with boosted Alta Mesa extraction rates

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

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 57.0¢		Change 0.025(4.59%)		Mkt cap ! $505.2M

Open	High	Low	Value	Volume
55.0¢	58.0¢	55.0¢	$2.022M	3.573M

Buyers (Bids)

No.	Vol.	Price($)
2	19522	56.5¢

Sellers (Offers)

Price($)	Vol.	No.
57.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	19522	0.565
2	67044	0.560
4	167044	0.555
8	161976	0.550
2	54100	0.545

Price($)	Vol.	No.
0.575	67044	2
0.580	257561	5
0.585	59559	3
0.590	35000	1
0.595	100000	4

Last trade - 16.10pm 27/06/2025 (20 minute delay)

MLX (ASX) Chart

They sold 9m net. So effectively they got 10m in the placement...

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

'Not possible' to port renewable gas: ACCC takes AGN to court

Boss extends June win streak with boosted Alta Mesa extraction rates

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

They sold 9m net. So effectively they got 10m in the placement...

Top Stories

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

'Not possible' to port renewable gas: ACCC takes AGN to court

Boss extends June win streak with boosted Alta Mesa extraction rates

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News