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
Following on from Jeremy Raper interview - what was he arguing...
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $389.6M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.5¢ | 42.5¢ | $372.5K | 867.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 83388 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 49969 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |