I wouldn't be expecting much of a spike on the quarterly, the cash build will be significant, but it won't be a surprise... unless it's outside the 25 to 30m that's already baked in (with the lumpiness of MLXs revenue considered).
A recast of the buyback may move the dial, having it cut off below 40c is too restrictive IMO.
The tin price is the real head scratcher. It seems to be at the mercy of speculators at the moment and MLX SP will always follow. The plummeting stock levels on SHFE bodes well despite the recent price action.
Ann: Investment in First Tin Plc, page-77
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Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $362.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 40.0¢ | $2.041M | 5.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5461 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 489646 | 10 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |