I'm inclined to think that the directors of MLI are probably organizing a management buyout to privatize the company and eventually delist the company.
Looking at the market capitalization - about $50 million - and being obviously aware that MLI is severely undervalued (real valuation should be more like $110 million) it would be sensible on their part to organize a privatization of the company.
The company is cash flow positive and I reckon the directors are probably negotiating a big loan to do the buyout.
Anyone agree this is likely?
I'm inclined to think that the directors of MLI are probably...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $5.937M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $22.24K | 4.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2023657 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2712045 | 3 |
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| Last trade - 11.00am 05/07/2024 (20 minute delay) ? |
| LRL (ASX) Chart |