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1.08%

47.0¢ metals x limited

Excellent answer and much appreciated. Cheers.

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Ronzo1010

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20/01/22

00:23

Post #: 58992064
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Originally posted by arsenic: ↑

Your question is a sweeping one as I understand it (both question and answer).
NICO is a separate corporate entity to MLX. Hence benefits accrue to MLX as an owner of shares proportionate to their % shareholding. They rank "parri-passu" equally with all shareholders of the same class and the shares are the class that are the ordinary ones that own the assets (as opposed to special ones, probably as yet unissued).

The issue of MLX not getting the downside stems only from not being the direct owner of the asset and the Company ownership being a liability. Ie. If NICO does something wrong like digging up sacred sites the damages are limited to Nico. not MLX. i.e Nico can lose value and/or go broke but MLX will only suffer that effect on each share it owns.

NICO and MLX do share a director so he/ or she will have consequences but not MLX itself.

I'm sure anyone who cares to, can provide further details and ALL IMVHO.

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Excellent answer and much appreciated.

Cheers.

MLX Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 47.0¢		Change 0.005(1.08%)		Mkt cap ! $421.4M

Open	High	Low	Value	Volume
46.0¢	47.0¢	45.5¢	$916.3K	1.978M

Buyers (Bids)

No.	Vol.	Price($)
4	186308	46.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	571500	7

View Market Depth

No.	Vol.	Price($)
4	186308	0.465
5	123823	0.460
2	105489	0.455
3	98702	0.450
4	78700	0.445

Price($)	Vol.	No.
0.470	571500	7
0.475	260198	11
0.480	232000	10
0.485	104792	2
0.490	116000	6

Last trade - 16.10pm 28/10/2024 (20 minute delay)

MLX (ASX) Chart