Fully diluted the market cap at 15c will be around $125m. My view is that even if they get Nifty cashflow neutral, which they should do by mid 2020, the sum of the parts is way in excess of $125m. They are not only “fixing” Nifty, there is a clear plan to lift Renison ( and they have had significant resource success there also).
About 18 months ago, respected Analysts foresaw value of around $600m for MLX (refer MLX website for all the old broker reports). Now, a lot has happened in that 18 months, and there are no guarantees in this wild world, but I can see a market cap around that $600m in the next one to two years, if the stated goals are achieved- perhaps sooner, as the market begins to “believe” in the turnaround. From what I see, this MD is a straight shooter and telling it as it is. Markets eventually like that.
The upside is even greater if they get Nifty truly profitable. Time will tell
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $357.9M |
Open | High | Low | Value | Volume |
39.5¢ | 39.5¢ | 38.5¢ | $618.4K | 1.579M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 143887 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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39.5¢ | 6251 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 85000 | 0.390 |
9 | 226216 | 0.385 |
6 | 243750 | 0.380 |
1 | 150000 | 0.375 |
4 | 152000 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 130000 | 2 |
0.405 | 5950 | 1 |
0.410 | 160758 | 2 |
0.415 | 56501 | 4 |
0.420 | 16830 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
40.0¢ |
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Change
0.000 ( 1.37 %) |
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Open | High | Low | Volume | ||
39.0¢ | 40.0¢ | 38.8¢ | 923266 | ||
Last updated 15.59pm 14/06/2024 ? |
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