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
43.0¢ |
Change
-0.015(3.37%) |
Mkt cap ! $389.6M |
Open | High | Low | Value | Volume |
44.5¢ | 44.5¢ | 42.5¢ | $468.9K | 1.084M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 542944 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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43.0¢ | 114783 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 542944 | 0.425 |
11 | 396942 | 0.420 |
6 | 209348 | 0.415 |
7 | 225890 | 0.410 |
6 | 86189 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 114582 | 1 |
0.435 | 46648 | 1 |
0.440 | 25000 | 1 |
0.445 | 421834 | 9 |
0.450 | 186950 | 5 |
Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
43.0¢ |
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Change
-0.015 ( 2.34 %) |
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Open | High | Low | Volume | ||
44.0¢ | 44.0¢ | 42.8¢ | 639788 | ||
Last updated 15.59pm 09/05/2024 ? |
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