Thanks for your input donjdrumf.
I should have run a mile when they first announced the $50 million credit raising. MLX had close to $100 million on their balance sheet when I first invested so they do appear to be burning through cash extremely fast.
From what I've read MLX need to produce 20k tonnes of copper per annum to break even. Let's hope the ore grade improves and/or production ramps up significantly.
Ann: Quarterly Activities Report, page-14
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Last
49.5¢ |
Change
0.010(2.06%) |
Mkt cap ! $443.8M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 50.0¢ | 47.3¢ | $1.594M | 3.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10749 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 309380 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |