It is very cheap and small shareholders get pretty good protection on the ASX - while it may not be managed as well as it should be, APAC can not steal this from you.
It reminds me a lot of $GRR in 2021: Tassie iron miner with a gob of cash and large Chinese ownership. Cash was discounted as the market feared they'd spend it on hookers and blow during a Hong Kong bender, and then sell the iron below market price. None of that happened and they eventually went the special dividend route and the stock went on to do a 3x.
Ann: Quarterly Activities Report, page-175
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Last
41.0¢ |
Change
0.010(2.50%) |
Mkt cap ! $371.5M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 40.0¢ | $491.9K | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 492895 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 373697 | 12 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |