MLX has a number of development options all of which will require capital. For example they may want to access the discovery referred to in the 26 September announcement or other ore reserves rather than do rentails. I have had shares in a number of companies which have gone belly-up. I would rather MLX had too much cash than too little. I think the best option for people who think MLX is undervalued is to buy shares on their own behalf.
I think there is a lot of value in the ASX generally at the moment.
DYOR
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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 |