I can't be sure but I suspect this is a buying opportunity.
The situation regarding the announcement above may be better, the same or worse than specified.
However, my position is that the plans for Rentails will be a step jump in Sn production an as such represents a kind of Put option on the SP.
When I made comments about potential future occurrences I allowed for a $25m raising allied to Rentails go ahead. Some may have thought that overly pessimistic since MLX has a lot of cash on and my position is good capital management practice allows for the type of glitches reported above.
News: MLX Metals X says nifty operations temporarily suspended, page-2
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Last
65.0¢ |
Change
0.005(0.78%) |
Mkt cap ! $576.1M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 66.0¢ | 64.5¢ | $1.325M | 2.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24777 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 33005 | 3 |
View Market Depth
| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |