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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 (20min delay)
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Last
59.5¢ |
Change
-0.030(4.80%) |
Mkt cap ! $527.4M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.8¢ | 59.0¢ | $1.780M | 2.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2750 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 7033 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |