I read it as a letter to APAC shareholders to grant approval for a future substantial buy up of MLX holdings in the range of 40% including their current 15% spending a maximum of 35mil (approx .10c per share). Interesting part of the letter, ‘‘Manner of Acquisition" save Brett Smith's directorship and his holdings of approx. .02% (sweetener & questionable) if I read that right. The share price will never reach what it's really worth whilst all this is going on. I have a concern for transparency in process moving forward based on some of the points in this letter. I hope the FIRB is on top of it.
News: MLX Apac Resources Says Wishes To Be Able To Buy Metals X Shares In Potential Equity Raisings, page-26
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Last
41.5¢ |
Change
0.010(2.47%) |
Mkt cap ! $376.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 42.0¢ | 40.5¢ | $571.6K | 1.383M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50076 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 253197 | 5 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |