Make sense. I quite like the idea of owning MLX - with lookthrough exposure to NC1.
MLX generating serious cashflows, with upside to NC1. Although the case for NC1 directly is also compelling too.
Director buying almost $2m shares on market - that is pretty strong signal to me.
In terms of the finance and execution - would they be able to develop on their own, or realistically, JV/sell a stake?
NC1 Megathread, page-39
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Last
16.0¢ |
Change
0.010(6.67%) |
Mkt cap ! $17.51M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 15.0¢ | $16.75K | 110.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 48334 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 114999 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NC1 (ASX) Chart |