MLX (ASX) Ann: Quarterly Activities Report

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diascomooro

161 Posts.

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26/07/24

12:21

Post #: 74930673
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Originally posted by nashezz: ↑

Isn't MLX already the ultimate boomer investment anyway (not that it has to be)? I mean a $4M investment 1SN doesn't change the fact 50% of our equity is earning sub 5%.

And no one can tell me why we can't just raise capital for Rentails at the time, if FID is a go. I mean if the economics stacks up you'd have no problem raising capital to fund (and given a working buyback in meantime, likely at much higher price). And means we don't have to hang on to cash doing nothing for years just on the chance we move ahead with Rentails.

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Hi not sure I understand you post . Why would you distribute money now and then dilute share holders later with a rights issue to fund a project.

Originally posted by nashezz: ↑

Isn't MLX already the ultimate boomer investment anyway (not that it has to be)? I mean a $4M investment 1SN doesn't change the fact 50% of our equity is earning sub 5%.

And no one can tell me why we can't just raise capital for Rentails at the time, if FID is a go. I mean if the economics stacks up you'd have no problem raising capital to fund (and given a working buyback in meantime, likely at much higher price). And means we don't have to hang on to cash doing nothing for years just on the chance we move ahead with Rentails.

Expand

MLX Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
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Last 44.0¢		Change 0.010(2.33%)		Mkt cap ! $394.5M

Open	High	Low	Value	Volume
43.0¢	44.5¢	42.5¢	$477.5K	1.095M

Buyers (Bids)

No.	Vol.	Price($)
1	223	44.0¢

Sellers (Offers)

Price($)	Vol.	No.
44.5¢	104353	7

View Market Depth

No.	Vol.	Price($)
2	73529	0.430
2	22661	0.425
6	132758	0.420
2	52200	0.415
3	121290	0.410

Price($)	Vol.	No.
0.445	64489	4
0.450	20000	1
0.455	150000	2
0.460	290895	6
0.465	1153304	3

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