Huge believer in this one sami, have been following it for years. Sold out at at an ugly loss several years back when world tin prices tanked. Bought back in last year and have been accumulating as tin prices have continued to rise and MLX has been getting closer to production. SP has hardly moved and the company's about to go from losing several millions over the last few quarters to generating a couple of hundred mil over the next year. Apart from the shakey past of world tin prices, doesnt seem to be a great deal of risk in this one. Renison mine has over 100 years of mining to its credit and has had $50m spent on restoration over the 2 years so I expect there wont be too many issues with getting it restarted.
Plus some quality deposits in its cupboard which, if viable, will ensure the longevity of the company. Looking at the sp, market seems to have missed this little gem.
mlxo info, page-4
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Last
49.5¢ |
Change
0.010(2.06%) |
Mkt cap ! $443.8M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 50.0¢ | 47.3¢ | $1.594M | 3.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10749 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 309380 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |