Regardless of ABY, it seems as gold increases, money moves into the gold stocks that are producing and racking in the cash with little risk... who are already fully priced according to broker valuations... and when gold falls, people cash that profit in and move it to a company with a valuation with a lot more upside according to broker valuations? Just a thought.
Maybe its all to do with the uncertainty of ABY and extending the offer has scared off the punters, again.
If they could use the cash to get Nifty profitable, whatever percentage of the company they own would be worthwhile.
MLX could certainly do with some positive news.
Regardless of ABY, it seems as gold increases, money moves into...
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Last
57.5¢ |
Change
0.030(5.50%) |
Mkt cap ! $509.6M | |||
| Open | High | Low | Value | Volume |
| 55.5¢ | 58.3¢ | 54.3¢ | $2.364M | 4.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 150518 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 1630 | 1 |
View Market Depth
| Last trade - 16.11pm 08/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |