That about sums it up pangloss. It may turn out to be a master stroke in the long run but at present looks 'uncertain'.
I have been in MLX for a very long time, as in well pre 2008 GFC but sold half of my holding today on this news. Will wait and see what happens before selling the other half or re-investing.
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Ann: MLX: Announces Scrip Bid for Aditya Birla Minerals Limited, page-43
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Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $367.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.5¢ | 40.0¢ | $911.5K | 2.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 93205 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 13522 | 2 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |