Pretty clear everyone has had enough.
Surprised by Friday's action as it held so well - .18 cents was a dream.
Not surprised by today's close at .14.
Holders have to ask themselves with the $35 million Citibank debt established and low PE's for established miners such as S32, what PE would you be prepared to buy MLX at ??
Before 11.54am today, the price was fluctuating around the 16.5 - 17 cents mark. As if investors were saying, "will we sell or hold?"
The 1.5 million sell into .16 at 11.54am was a turning point and the last hour of trade was particularly horrendous, finishing at .14 cents.
Fortunately, those offloading today had depth to sell into.
Pretty clear everyone has had enough.Surprised by Friday's...
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Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.5¢ | 42.0¢ | $1.533M | 3.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3725 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1372 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |