I have a suspicion our European friend's question was rhetorical. I'm guessing his (her?) point is that when tin was mooning and the markets looked kindly upon junior miners, the Chinese 20% owner wasn't a problem.
Miners are levered to the price of the commodity - they will always have exaggerated moves. They will go to zero long before the mineral does, and I would argue MLX will more than double if tin does a 2x.
Having said all that, I do agree that at the margin the significant foreign minority shareholder could weigh on the stock, as could the poor communication about capital plans.
I have a suspicion our European friend's question was...
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Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $367.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.0¢ | 39.5¢ | $348.2K | 866.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 34179 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |