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.
I can't be sure but I suspect this is a buying opportunity. The...
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 (20min delay)
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86376 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 180867 | 5 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |