The thing that tanked the MLX price was an attempt to mine nifty profitably. MLX bought it on the basis that $150m of mine development had been sunk into it. Basically it was never nearly as productive as they expected and the Cu price stayed week. that being the case they issued lots or shares and debt in an attempt to get it to work and couldn't in the end they sold it to CYM.
That's it in a nutshell. Mining in particular can U/G can be a tough gig.
- Forums
- ASX - By Stock
- MLX
- Discussion on SP
Discussion on SP, page-97
-
- There are more pages in this discussion • 962 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
|
|||||
Last
44.5¢ |
Change
-0.020(4.30%) |
Mkt cap ! $403.2M |
Open | High | Low | Value | Volume |
45.5¢ | 45.5¢ | 43.0¢ | $1.110M | 2.503M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 80811 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 19456 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27345 | 0.435 |
8 | 45618 | 0.430 |
3 | 67000 | 0.425 |
3 | 8380 | 0.420 |
2 | 60000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 10923 | 1 |
0.450 | 78851 | 2 |
0.460 | 15946 | 1 |
0.470 | 81369 | 2 |
0.475 | 35438 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |