Afternoon Guys,
It seems incongruous that the SP is only up 1c on the commencement of trade subsequent to this news. Possibly those Funds that bought in for this specific catalyst are now exiting but other than that I am very surprised at this opportunity to re-gross after my ill timed sell down due to other, non MLX related factors.
Cashmeoutside is the expert, but I am thinking that now the Cu catalyst has occurred, MLX will now be a slow and steady grind higher as they successfully complete operational milestones at Renison and potentially if/ as Sn prices continue to rise. The great thing for me is that unlike many of the speccy explorers, MLX is a Sn producer and turning rock into cash every day without the need for any shareholder dilution (assuming they don't fast track Rentails).
I did note that FFX had a great announcement earlier in the week and it took until the following day before it really goosed higher. I guess it takes time for Broker notes to be written and client recommendations to be made. In the meantime this is seriously cheap.
Cheers
John
- Forums
- ASX - By Stock
- MLX
- Ann: Reinstatement to Official Quotation
Ann: Reinstatement to Official Quotation, page-18
-
- There are more pages in this discussion • 94 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $403.4M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 43.5¢ | $545.3K | 1.222M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 369440 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.445 |
7 | 271076 | 0.440 |
4 | 151499 | 0.435 |
2 | 7000 | 0.430 |
3 | 50559 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 369440 | 6 |
0.455 | 62738 | 5 |
0.460 | 197582 | 8 |
0.465 | 1153304 | 3 |
0.470 | 217733 | 4 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online