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
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Last
43.5¢ |
Change
0.005(1.16%) |
Mkt cap ! $394.2M |
Open | High | Low | Value | Volume |
44.0¢ | 44.3¢ | 43.0¢ | $954.5K | 2.189M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 122040 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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44.0¢ | 141590 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 109840 | 0.430 |
14 | 609514 | 0.425 |
9 | 147294 | 0.420 |
5 | 69348 | 0.415 |
7 | 123140 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 141590 | 3 |
0.445 | 679134 | 10 |
0.450 | 280950 | 5 |
0.455 | 98921 | 4 |
0.460 | 118000 | 2 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
43.5¢ |
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Change
0.005 ( 1.16 %) |
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Open | High | Low | Volume | ||
43.5¢ | 44.0¢ | 43.0¢ | 828597 | ||
Last updated 15.59pm 10/05/2024 ? |
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