guys - a shareholder of both companies I think a merger is extremely unlikely and the notion of a 1-1 merger is ridiculous . MGX has an NPV of somewhere around 42-45.
Mlx has a long life mine , about 60% or market cap as cash and inv backing and is generating 100 m of free cash flow on current tin prices. Tin is a future facing commodity that is needed in electrification and automation. Mlx is one of only 2 globally listed producers, the other in the very risk DRC . It has very strong organic and inorganic growth prospects . Acquiring or merging with MLx makes zero sense . I am saying this as someone who will benefit via my MGx holdings from such a merger , but chances I see virtually zero
MGX Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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)