Let’s just hope CYM are legit and they’ve already got enough commitments to raise the funds. You would have to think MLX/their advisors (Cannacord/Hartleys) have already checked this.
If the article is accurate it will mean $24m in the door with a further $36m as a convertible note (effectively debt lent to CYM that can be converted to stock in CYM at some price).
The funds should allow MLX’s debt to disappear $24m + $5m collected from EMR/Gun Powder +$2m out of cash reserves. Having the balance sheet sorted and the C&M costs disappear will be a complete game changer here.. just got to hope it all goes through ok.
Ann: Trading Halt, page-9
Add MLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |