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
40.5¢ |
Change
-0.025(5.81%) |
Mkt cap ! $367.0M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 40.5¢ | $932.9K | 2.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 224951 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 26587 | 4 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |