The latest financial statements show a rehabilitation provision of $51,375,000. Of this $8,360,000 relates to Mt Bischoff.
It was not clear to me if there was any rehabilitation expenses relating to Renison. Assuming that all of the remainder relates to Nifty, that means even if Nifty (including liabilities) was sold for nothing it would remove about $43million of liabilities from the balance sheet.
The recent power point presentation showed MLX 50% of Renison NPV at $185 million. I think the market is valuing MLX as though Nifty is a liability rather than an asset. If Nifty (including liabilities) was sold for nothing this would be a very good result in my view.
The latest financial statements show a rehabilitation provision...
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Last
43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |