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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Financial SummaryBalance SheetAt March 31 MLX had cash on hand...
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $335.2M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 37.0¢ | $711 | 1.921K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 231328 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 155915 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 230036 | 0.370 |
7 | 170577 | 0.365 |
12 | 292222 | 0.360 |
11 | 440959 | 0.355 |
13 | 94389 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 140770 | 25 |
0.380 | 143128 | 9 |
0.385 | 70500 | 4 |
0.390 | 161148 | 7 |
0.395 | 55000 | 1 |
Last trade - 10.04am 15/08/2024 (20 minute delay) ? |
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INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
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