MLX 2.25% 45.5¢ metals x limited

News: MLX APAC Resources Says Will Continue To Pursue Appointment Of Brett Smith To MLX Board, page-5

  1. 3,717 Posts.
    lightbulb Created with Sketch. 1083
    Nothing like a boardroom stoush to attract investor interest.
    I agree with APAC re Renison and NIfty and bought into MLX recently at 14c on the basis of its steep decline but attracted by Renison and finally thought the value proposition was there, despite Nifty. Tin's potential is from higher demand with the decrease in alluvial sources along with the anticipated increase in solder consumption with EV elecrical circuitry. I was tracking KAS as a pure tin play but MLX is much better with larger resources and current production.
    I guess the question remains as to what to do with Nifty? Split it off as a new IPO in the manner of WGX with Castile, sell it, put it on slow-mo or moth ball until Cu price picks up, or even write it off (which seems a bit extreme given the investment to date)?

 
watchlist Created with Sketch. Add MLX (ASX) to my watchlist
(20min delay)
Last
45.5¢
Change
0.010(2.25%)
Mkt cap ! $412.3M
Open High Low Value Volume
44.0¢ 45.5¢ 43.3¢ $1.953M 4.353M

Buyers (Bids)

No. Vol. Price($)
3 110122 45.0¢
 

Sellers (Offers)

Price($) Vol. No.
45.5¢ 49999 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
MLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.