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
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $478.6M | |||
| Open | High | Low | Value | Volume |
| 54.5¢ | 55.0¢ | 53.5¢ | $417.7K | 774.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 201896 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 26778 | 2 |
View Market Depth
| Last trade - 11.16am 23/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |