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

First 45 Last

Share
Profile

Follow
Cunnington1

523 Posts.

68

26/10/24

12:56

Post #: 76314426
Share

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.

Expand

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
8 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

First 45 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 56.0¢		Change 0.010(1.82%)		Mkt cap ! $496.3M

Open	High	Low	Value	Volume
55.5¢	57.5¢	55.5¢	$2.373M	4.206M

Buyers (Bids)

No.	Vol.	Price($)
1	13599	56.0¢

Sellers (Offers)

Price($)	Vol.	No.
56.5¢	60000	1

View Market Depth

No.	Vol.	Price($)
1	13599	0.560
2	24662	0.555
14	97567	0.550
1	52	0.545
3	7000	0.540

Price($)	Vol.	No.
0.565	60000	1
0.570	194790	4
0.575	132568	3
0.580	230528	5
0.585	176628	1

Last trade - 16.10pm 16/06/2025 (20 minute delay)

MLX (ASX) Chart

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

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

This stock is crafting a cure for Huntington's – and it's making progress

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

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

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

This stock is crafting a cure for Huntington's – and it's making progress

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News