Tomorrow will be a big fluctuation day
however- the management have done a most incerdible deal- they get cash- so the company(MLX) can get re-valued on a profit making Tin- we will attain multiples on earnings
They didnt dilute MLX further by raising funds at low prices- so they have backdoored the copper assets into a small organisation- i susepct the convertible strike price will be $20c and before no time they will achieve a capital profit in a company also with nil debt. This $36 million may turn into $60 million
so we have MLX - TIN -Profit /nil Debt
CYM - Convertible Notes /.20c on a company with no debt and ready to produce.
Show MLX shareholders the money - this will continue to be re-rated
Tomorrow will be a big fluctuation dayhowever- the management...
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $326.2M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 36.0¢ | $736.9K | 2.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 615495 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 31152 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |