1. 3,931 Posts.
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    I think MLX could do a small divvy and fund Rentails at the same time. Hopefully close to $100m at the end of the quarter if as you stated previously if they have a bumper quarter and reduce inventory. Increasing recovery, increasing grade and production with Area 5 when it comes online, plus a tin price that moving up steadily should lead to increasing profits. Who is to say we won't have $150m in the bank when Rentails commences?

    Other options for cash include selling more NC1 shares and down the track a significant amount of cash from the convertible notes will be available. Given how often mining projects are delayed this cash might become available whilst Rentails is still in development. If it's partly bank funded the money could be used to repay the loan.

    No debt, tin price is flying, cash in the bank - I'm hoping for a small divvy to reflect the outstanding position the company is in at the moment.

 
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(20min delay)
Last
54.5¢
Change
-0.010(1.80%)
Mkt cap ! $483.0M
Open High Low Value Volume
56.0¢ 56.0¢ 54.5¢ $613.2K 1.109M

Buyers (Bids)

No. Vol. Price($)
5 75745 54.5¢
 

Sellers (Offers)

Price($) Vol. No.
55.0¢ 48986 1
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
MLX (ASX) Chart
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