MLX metals x limited

4.58%

62.5¢

BTW thanks for your update about the phone call it has brought...

First 28 Last

Share
Profile

Follow
arsenic

16,803 Posts.

1689

04/10/19

08:52

Post #: 40719454
Share

Originally posted by blackcastle: ↑

"
APAC is not seeking control of the board, and, subject to Mr Smith being added as a director, will support the appointment of one additional independent director as soon as suitable candidates can be identified.

At this stage, and subject to an independent review, APAC is not proposing changes to management but believes that a thorough and independent review of Nifty is urgently required to assess future direction.New eyes are required to assess whether MLX’s current targets for Nifty are realistic and whether MLX shareholders should continue to fund the operation.

All options should be considered including whether the mine should be put on care and maintenance ...
"

Cheers for the post -

33m credit line secured against our only performing asset. 35m capital raise that has come out of left field. A downgrade of copper production and board room battle brewing - this is going to get worse before it gets better.

Interesting to note that Peter Newton is leaving the Westgold board too. Looks like he's going into hiding now!

With Board infighting bound to happen now, looks like the share price could be down the bottom for a while yet.

Expand

BTW thanks for your update about the phone call it has brought the issue out into the open.
You don't post that much but they're quality.

P.S. I don't think they'll reach me with a phone call they have to wade past the other phone pests.

Last edited by arsenic: 04/10/19

MLX Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASE

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Most investors will get this earnings season wrong. Will you?

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

First 28 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 62.5¢		Change -0.030(4.58%)		Mkt cap ! $553.9M

Open	High	Low	Value	Volume
66.0¢	66.0¢	61.0¢	$2.280M	3.628M

Buyers (Bids)

No.	Vol.	Price($)
4	86376	62.0¢

Sellers (Offers)

Price($)	Vol.	No.
62.5¢	180867	5

View Market Depth

No.	Vol.	Price($)
1	70000	0.620
1	1000	0.615
11	248884	0.610
4	40722	0.605
15	244183	0.600

Price($)	Vol.	No.
0.625	161645	2
0.630	18542	1
0.635	7000	1
0.640	30962	2
0.665	40000	1

Last trade - 16.21pm 25/07/2025 (20 minute delay)

MLX (ASX) Chart

BTW thanks for your update about the phone call it has brought...

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Most investors will get this earnings season wrong. Will you?

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

BTW thanks for your update about the phone call it has brought...

Top Stories

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Most investors will get this earnings season wrong. Will you?

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News