In this market standing still is a good outcome.
MLX is not heavily traded by mainstream despite its size as it is so hard to categorize - although in my view it is a gold company with some other assets.
Gold miners are behaving like a leveraged version of equities on down days (generally), falling by a greater % than the general market despite the AUD gold price going up (and thus improving gold miners margins).
Investors are selling for reasons other than the fundamental outlook of their investees.
Personally, I learnt the lesson from 2008-9 (kinda) and will sit with lots of cash and wait for things to get really rough ... which they appear to be doing and only then buy into these great cash flow machines.
Cheers
John
Ann: Gold Hedge Program, page-15
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Last
45.5¢ |
Change
0.010(2.25%) |
Mkt cap ! $412.3M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 43.3¢ | $1.953M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110122 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 49999 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |