I think the following couple of lines need our attention.
"In consideration for the gold assets, Metals X will issue RNI with 18 million new fully-paid Metals X shares, which have a current share market value of $20.3 million. Metals X will also advance RNI $300,000 as an interest-free convertible loan1 to provide the Company with working capital during the sale process.
RNI plans to use the sale proceeds to help repay the Company’s debt facility of approximately $23 million to Taurus Resources No 2 Fund."
Surely this will suppress MLX's share price for a period of time.
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Last
62.8¢ |
Change
0.003(0.40%) |
Mkt cap ! $558.4M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 63.5¢ | 62.0¢ | $456.8K | 728.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 30089 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 48448 | 10 |
View Market Depth
| Last trade - 11.01am 28/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |