Just a quick thought, need to go back over reports, but MLX were required to pre arrange prices on forward market for tin by the lenders of the $35m. The prices are quite a bit above current spot from memory. Also, copper forward sold at a higher price which can now be bought on market and sold into the contracts at a good profit. Recall any details anyone? A few mill profit here, few there, it adds up.
Ann: Change in substantial holding, page-20
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Last
47.5¢ |
Change
-0.010(2.06%) |
Mkt cap ! $430.4M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 47.0¢ | $1.362M | 2.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 146627 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 149393 | 2 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
47.5¢ |
Change
-0.010 ( 1.90 %) |
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| Open | High | Low | Volume | ||
| 48.0¢ | 48.5¢ | 47.0¢ | 1162286 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| MLX (ASX) Chart |