MLX 3.37% 43.0¢ metals x limited

RABuying CYM shares at current prices would be detrimental to...

  1. 226 Posts.
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    RA
    Buying CYM shares at current prices would be detrimental to our options and notes.
    Better to provide CYM a loan at a sensible rate. That would stop inflation eating our cash and give CYM the funds to proceed, which may put a rocket under their SP and allow them to raise capital later - ideally after 30 Mar 23.
    Our $36M of notes have a conversion price of 35.5c so a high CYM SP would add value (unlikely). If not converted, it seems unlikely CYM can pay back $36M if they don't have a mine on the go. They didn't have much luck raising capital at 11.5c, which was a discount at the time.
 
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Last
43.0¢
Change
-0.015(3.37%)
Mkt cap ! $389.6M
Open High Low Value Volume
44.5¢ 45.0¢ 42.0¢ $1.860M 4.335M

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No. Vol. Price($)
7 165979 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
43.0¢ 9999 1
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
42.5¢
  Change
-0.015 ( 4.17 %)
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44.5¢ 44.8¢ 42.0¢ 2056718
Last updated 15.59pm 03/05/2024 ?
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