Medium term this is still looking cheap given AUD tracks long term average and with only moderate success bringing cheaply acquired assets online.
My personal view is AUD is in for a sustained period of mean or sub-mean pricing relative to USD. MLX becomes a cash printing machine even with some hedging (which in my view is also a sensible approach).
1b market cap is within reach in next 12-18 months IF everything runs to plan.
Looking forward to CMPG coming online too as that's where my initial MLX exposure commenced.
Medium term this is still looking cheap given AUD tracks long...
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.5¢ | $591.9K | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 225200 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |