Very unlikely to pay a dividend in my opinion.
They will have $60m+ of cash on balance sheet by the end of the FY.
Construction costs for Rentails were estimated to be $205m back when they did the initial feasibility studies, of which MLX would have to fund half ($102.5m). So they'll likely be retaining the next couple years of cashflow to fund this. Unless the price of tin does something crazy over the next 6-9 months... USD$50k price of tin would see us have $150m+ cash in bank which would be more than enough to fully fund rentails + a div
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $344.3M |
Open | High | Low | Value | Volume |
37.0¢ | 38.0¢ | 36.5¢ | $281.0K | 755.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 167465 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 100862 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 167465 | 0.375 |
2 | 114692 | 0.370 |
2 | 31046 | 0.365 |
5 | 184500 | 0.360 |
4 | 228817 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 100862 | 5 |
0.385 | 196475 | 7 |
0.390 | 143342 | 6 |
0.395 | 60000 | 1 |
0.400 | 116663 | 2 |
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