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MLX metals x limited

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57.0¢

Truly a regrettable situation.I've taken my lumps here and will...

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PamplonaTrader

613 Posts.

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26/06/20

10:57

Post #: 45466690
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Originally posted by Cashmeoutside: ↑

There was 2 carrots -
1. A 2.5mtpa copper concentrator and all associated infrastructure (power, camp, airport etc).
2. A large tenement package in the highly prospective Paterson region

They needed to dangle these two carrots and sell the thing for whatever they could get, it’s $200m worth of infrastructure and 2,500sqkm of land package. How they couldn’t sell that for $1 I don’t know - i guess they simply chose not to because they wanted to have another crack and be managers of a multi asset business - risking shareholder money to try and cover themselves in glory.

Now they’ve sold all the upside in the tenement package.

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Truly a regrettable situation.

I've taken my lumps here and will be back when things resolve. Also, semi billing have come off a bit in May, which will be a headwind for tin prices.

Btw, I was way off on my analysis. Credit to you for getting it much closer to reality.

MLX Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 57.0¢		Change 0.025(4.59%)		Mkt cap ! $505.2M

Open	High	Low	Value	Volume
55.0¢	58.0¢	55.0¢	$2.022M	3.573M

Buyers (Bids)

No.	Vol.	Price($)
2	19522	56.5¢

Sellers (Offers)

Price($)	Vol.	No.
57.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	19522	0.565
1	50000	0.560
1	50000	0.555
3	21799	0.550
2	54100	0.545

Price($)	Vol.	No.
0.575	50000	1
0.580	240517	4
0.585	59559	3
0.590	35000	1
0.595	100000	4

Last trade - 16.10pm 27/06/2025 (20 minute delay)

MLX (ASX) Chart

Truly a regrettable situation.I've taken my lumps here and will...

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

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Australia’s gas crisis is here – and dying coal plants aren’t helping

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Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

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Buyers (Bids)

Sellers (Offers)

Featured News

Truly a regrettable situation.I've taken my lumps here and will...

Top Stories

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Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

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Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News