If APACs mission is to get MLX shares at low cost, I don't think increased metal prices will increase equate to increase share price.
In fact the larger shares holders might push back on such an increase.
Thist said, if metal prices increase enough to derisk asset divestment for potentail buyer, then this could make sale more feasible.
Either way, unfortunately not sitting on the edge of my seat. Hope I am wrong and that this closes at 11c.
News: MLX Apac Resources Says Wishes To Be Able To Buy Metals X Shares In Potential Equity Raisings, page-63
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Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $367.0M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.8¢ | 39.5¢ | $649.6K | 1.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 92852 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 298907 | 10 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |