Looks like a great deal and a HUGE derisking event. Happy to fill my boots at 18c. Given MLX is also to receive $5m from EMR this quarter I think we’re looking at a potential cash balance @ 31-March of ~A$50m. This is huge - debt repaid, nifty C&M disappears, rehab obligations gone.
Will take a few more quarters of mining low (ish) grade at Renison and capital spend but I can’t see how this isn’t sitting at 35cps+ in 12 months. A fairly low risk bagger is you ask me. DYODD etc.
Looks like a great deal and a HUGE derisking event. Happy to...
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Last
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $412.4M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 46.0¢ | 44.0¢ | $658.0K | 1.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 517173 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 66170 | 6 |
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| Last trade - 15.34pm 27/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |