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43.5¢ metals x limited

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spade_of_aces

482 Posts.

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19/08/21

21:01

Post #: 55427475
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Originally posted by Cashmeoutside: ↑

They've got to liquidate some of that working capital - I have them with A$40m sitting in receivables (mostly from MSC) and inventory. I think they repay debt (only $7.75m remaining) then maintain a cash balance of A$30m to cover the expansion (their share of opex is ~A$70m pa). They've also got to give NICO A$5m or so for the IPO (that's if it makes it to IPO and isn't bought out beforehand).

So my bet is cap returns come at the half year - and could be as much as A$40m. My preference as slated previously is a buyback at these prices (and lack of franking credits).

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AUD/USD Is on the dive, could pan out well

MLX Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 43.5¢		Change -0.015(3.33%)		Mkt cap ! $390.0M

Open	High	Low	Value	Volume
46.0¢	46.0¢	43.0¢	$875.9K	1.981M

Buyers (Bids)

No.	Vol.	Price($)
2	50300	43.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	1137	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.430
2	68931	0.425
6	123130	0.420
2	52200	0.415
4	131290	0.410

Price($)	Vol.	No.
0.435	1137	1
0.440	38028	3
0.445	152673	7
0.455	50000	1
0.460	286714	6

Last trade - 16.10pm 02/10/2024 (20 minute delay)

MLX (ASX) Chart