Following on from Jeremy Raper interview - what was he arguing about MLX?
he was arguing it’s a ridiculous cheap stock but cash may not provide value to shareholder. With the second half of the equation gone and disproved , all we are left with is MLX is a very cheap resource stock
Normally, you find these kind of valuations in stocks that have a cyclical downturn in their commodify - not ones producing at a solid margin with great LT fundamentals for the underlying commodity
also positive is it closed above resistance on very strong volume . Off to 40c we go
Ann: On-Market Share Buy-Back, page-30
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.5¢ | $591.9K | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 225200 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |