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
68.0¢ |
Change
0.005(0.74%) |
Mkt cap ! $602.7M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 69.0¢ | 66.0¢ | $414.0K | 613.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 94722 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 172875 | 11 |
View Market Depth
| Last trade - 11.47am 16/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |