Post merger 1,624m shares on issue
MLX share price today = 14.5c
Market cap post-merger = $235m
Less $100 cash and listed investments
=$135m EV
So Wingellina (100% MLX), Tasmanian tin operations (50% MLX), CMGP (100% MLX), Rover (100% MLX) total valued at $135m?
That's insane
20% Wingellina sale to Jinchuan for $50m fell through last year. That valued Wingellina at $250m
Even if you conservatively halve that quote, 100% Wingellina is worth $125m
So the Tassie tin operations, CMGP and Rover are all valued at next to zilch
Seriously undervalued, but then again so is WGR on its own
So what can we expect? The pattern to keep going and APAC to swoop on MLX in 12 months time?
Cheers
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Last
8.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.01M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 129369 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 164000 | 1 |
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| Last trade - 13.34pm 01/08/2025 (20 minute delay) ? |
| WGR (ASX) Chart |
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