I took position today based on its now trading below NTA... Enterprise value of 170 mil.... Yes they are struggling to turn a profit out of Nifty but copper in deficit in next couple years... I feel being a high cost producer it will have the biggest leverage when the copper price does rise....
Tin operations & nifty operations with 100mill odd cash.... really trading at scrap price now.... I see more upside from here than downside....smell of positive news this will rocket.... DYOR
Possible bottom with large volume, page-10
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $362.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.8¢ | 39.5¢ | $279.7K | 696.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 201304 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 50587 | 3 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |