Great take !MLX ticking all the boxes & even at current SP ( not...

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Cunnington1

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26/10/24

12:56

Post #: 76314426
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Originally posted by Cashmeoutside: ↑

This company cops a discount from the market and one of the main reasons put forward for this is concerns on capital management. Let’s run through some of the ways these guys have managed the companies capital since coming in mid 2020..

1. sold nifty to Cyprium for upfront cash and upside convertible notes/options… which they’ve just restructured on hugely favourable terms
2. Spun out / IPO’d NICO into a hot nickel market and then sold a bunch of shares, retaining some shares, a board seat and some upside options.
3. Executed numerous capital improvement projects at Renison and put money into exploration - finding Ringrose.
4. Started a buyback..
5. Acquired ~20% of first tin when it was massively depressed and picked up 2 board seats.
6. Looking to execute a capital lite version of the Rentails expansion project.
7. Looking to opportunistically acquire a 82% stake of the 50% JV interests in Renison whilst that company is in a shambles.

But folks want to focus on the A$1m invested into Tanami Gold.. which by the way is up >10% on their purchase price.

If MLX can pull off the acquisition of Greentech and take a controlling position in Renison it will be a major coup. You’ve removed the JV structure affording control and surely the market recognises the track record of the way these guys manage shareholder capital. If not we await for the bulk dividends that should come after the remaining tax losses are utilised.

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Great take !

MLX ticking all the boxes & even at current SP ( not taking into account proposed increase in ownership ) IMO a steal !

Should this deal be successful one can only dream about where our new market cap will land !

MLX Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 57.5¢		Change 0.015(2.68%)		Mkt cap ! $509.6M

Open	High	Low	Value	Volume
57.0¢	58.0¢	56.5¢	$1.611M	2.820M

Buyers (Bids)

No.	Vol.	Price($)
3	217848	57.0¢

Sellers (Offers)

Price($)	Vol.	No.
57.5¢	14724	1

View Market Depth

No.	Vol.	Price($)
1	212348	0.570
4	233507	0.565
12	60686	0.560
1	7000	0.555
13	83999	0.550

Price($)	Vol.	No.
0.575	14724	1
0.580	350426	12
0.585	208283	3
0.590	263149	5
0.595	109259	5

Last trade - 16.10pm 17/06/2025 (20 minute delay)

MLX (ASX) Chart

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