I concur with @FlightTime. No shareholder shenanigans, just steep drop in tin price and volatility of tin price. Think for next 2 quarters don't expect LME cash to be better than US$25k/t (A$36k/t @ 0.69), with Shanghai trading around CNY190k/t (A$ 40k/t). Key point of Q2 quarterly will be AISC and guidance on where that is headed. If a path to A$ 20k/t is doable, MLX should be OK. And as always, a share buyback wouldn't hurt. I hope management is prudent enough to do sth for shareholders at this stage. No point dreaming about Rentails when facing the near certainty of a recession. Don't have to wait until Dec to figure that one out.
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Last
54.5¢ |
Change
-0.010(1.80%) |
Mkt cap ! $483.0M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 54.5¢ | $613.2K | 1.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 75745 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 48986 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |