Ther're not crazy, looks good if a Director buys, helps preserve salary and job, (the GIF is a little annoying as I type) as well as possibly showing confidence in value increase. By the number of posts CashMO you would know this.
The sell down looks overdone (?), Renison tin and Area 5 market cap $70M, like the turn around story to at least 12c or $100M based on potential earnings, Tin price well below LT average, expect small increases next year from reading net (broad group of forecasters), gathering a little pace towards the end 2020. Tin mines in China are under scrutiny for safety concerns some market loss possible, Indonesia probably has a bit more capacity to balance out. Reserve $ with recent cap raising and loan facility is great. Don't mind the influence of APAC, and their self interest in getting the SP up to their purchase price hopefully.
New Year, New MLX???, page-8
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Last
41.0¢ |
Change
0.010(2.50%) |
Mkt cap ! $371.5M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 40.0¢ | $491.9K | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 492895 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 373697 | 12 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |