The rentails project will cost at least 100 mAud for the MLX share. So with 124 mAUD in cash for now MLX won't need any debt. But MLX don't have that much money to distribute to shareholders. The right time will be when the rentails project start to deliver cash-flow.
I don't understand the bad comments about APAC (maybe because I own APAC shares) They've done a great job for the Nifty sale. Previous management plan was to redevelop the mine and we can see what's happenning to Cyprium... APAC provided also a loan during this difficult time. Thanks to them. It was fair. They 've not tried to take advantage of the situation to buy shares at depressed prices. I always prefer to look at facts rather than to elaborate theories.
APAC is also Mount Gibson shareholder. MGX had a huge amount of cash but needed it to restart the Koolan mine. And now the MGX cash cow is back. Same plan for MLX ?
If MLX has really too much cash I would like to see a share buyback. Even a small one just to satisfy the investor psychology
The rentails project will cost at least 100 mAud for the MLX...
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Last
43.5¢ |
Change
0.005(1.16%) |
Mkt cap ! $394.2M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 41.5¢ | $3.195M | 7.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 136721 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 624092 | 4 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
Change
0.005 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 44.0¢ | 41.5¢ | 2929489 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| MLX (ASX) Chart |