It's a fantastic transaction for MLX holders.
Here are my calculations on how the transaction impacts the balance sheet. Huge 100m swing to the asset side, or ~11c/share
The $6.5m environmental bond is excluded because it's already recognised as a non-current asset in the financials.
You just gotta ask, how much of the Nifty transaction has been priced in to the shareprice already? I dare say, very little once you consider the value of the Tin asset.
Ann: Reinstatement to Official Quotation, page-19
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Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $362.4M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 39.3¢ | $396.4K | 997.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 152500 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 134887 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |