Everyone is chasing YIELD at the moment and two things that differentiate MLX from many of its peers that have been hit hard are: (1) over $80 million in the bank; and (2) free cash flow from Renison.
Here's a crazy idea, how about management declare a dividend of 1.5 cents per share and guarantee that for the next 3 years?
That will support the share price, create interest in the stock, and give a return to long suffering shareholders who have been waiting 5 years as Fulcrim, Aragon, Westgold "advance towards production" ...
It might force management to focus on shareholder returns as opposed to pursuing yet another distraction ... like Ulan Bator!
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Last
61.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $545.1M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 61.5¢ | 59.3¢ | $2.338M | 3.860M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 108795 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 258245 | 5 |
View Market Depth
| Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |