There's a lot of moving parts here, but for MLX to be back in the high 30's I estimate you'd need a tin price down around USD$25k and I just can't see it heading that low any time soon. Of course this is only my opinion, but I believe the main driver of the current lower price is not so much the inflation/slowing economy fears of the wider market, but more directly a drop in demand due to China's current COVID lockdowns. Once the lockdowns ease you'll see Tin comfortably above $35k, a price at which MLX is making excellent margin.
At the current price and with MLX cashed up, this is now screaming Buyback!
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Last
37.8¢ |
Change
0.003(0.67%) |
Mkt cap ! $339.8M |
Open | High | Low | Value | Volume |
37.0¢ | 38.0¢ | 36.5¢ | $238.9K | 643.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 72846 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 111211 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 68291 | 0.375 |
10 | 227899 | 0.370 |
8 | 178620 | 0.365 |
9 | 207595 | 0.360 |
9 | 385377 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 111243 | 23 |
0.385 | 172755 | 8 |
0.390 | 220743 | 11 |
0.395 | 99062 | 5 |
0.400 | 155021 | 6 |
Last trade - 14.30pm 07/08/2024 (20 minute delay) ? |
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MLX (ASX) Chart |