It seems Nifty is an expensive mine to put on care and maintenance.
Lower production from Renison.
$35 million debt to Citibank.
A cap raise has been mentioned thus placing an enormous question mark over:
a) How much cash MLX will have in three months time and
b) How much the register could be diluted by. Convertible notes anyone???
Even with Renison producing and Nifty on care and maintenance, the balance sheet may need propping up.
Is this a situation you want to be in as a shareholder?
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86376 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 180867 | 5 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |