I'm surprised this has opened lower today. I've been wanting exposure to tin for 18 months now but have been loathe to buy back into MLX as I was concerned re their debt and how they would pay it back. This is now solved, the company is in a much better place with a much lower risk profile and I'm back in as of today. Bell Potter valued the tin assets at around $160 million plus the Ni asset around $20 million plus the copper investment in CYM $36 million so overall a reasonable initial valuation is probably around $216 million or around $ 0.23 per share.
GLTA & DYOR
I'm surprised this has opened lower today. I've been wanting...
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Last
48.0¢ |
Change
-0.015(3.03%) |
Mkt cap ! $430.3M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.0¢ | $1.152M | 2.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55380 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10007 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |