Financial Summary
Balance Sheet
At March 31 MLX had cash on hand of $5.2M with debt of $12.5M including a related party loan of $7.3M. Subsequently MLX has raised $32.7M through a placement to Jinchuan (117M shares at $0.28).
Earnings
The restart of Renison is expected to have a significant impact on group earnings. Renison is projected to add ~$60M in EBITDA which could lift mid term group earnings toward $80-100Mpa (Figure 8). Key risks to this assumption are tin prices and meeting production targets. Earnings could continue to grow with eventual contribution from Rentails ($30-$50M) and Wingelina. In our assumptions we assume MLX utilises some $60M in tax losses.
Funding
MLX should be well funded for the anticipated restart of Renison budgeted at $25M with a healthy cash position and existing cash flows. Further, in the money options are expected to raise some $40M in coming years. While group cash flows are expected to build it is likely that future growth projects such as Rentails (~$60M) and Wingellina (potentially $2B) will require additional funding. MLX may well seek a partner for any Wingellina development.
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Last
43.0¢ |
Change
-0.015(3.37%) |
Mkt cap ! $389.6M |
Open | High | Low | Value | Volume |
44.5¢ | 44.5¢ | 42.5¢ | $499.6K | 1.141M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 184849 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 92141 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 188522 | 0.430 |
10 | 157074 | 0.425 |
14 | 188515 | 0.420 |
9 | 659202 | 0.415 |
13 | 315993 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 92924 | 24 |
0.440 | 125579 | 8 |
0.445 | 38914 | 8 |
0.450 | 79209 | 10 |
0.455 | 139220 | 8 |
Last trade - 14.03pm 01/08/2024 (20 minute delay) ? |
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