With at least three quality assets in its portfolio and a market capitalization of only $155mil and a wide-open share register, you would have to think that this is a good takeover candidate for the right suitor.
Just looking at the current share register, there are four substantial shareholders:
Mitsubishi UFJ Financial Group Inc 8.93%(61.5mil shares)
Apac Resources Ltd(HK) 8.77%(60.4mil shares)
IOOF Holdings Ltd(Perennial Value Funds)8.75%(60.3mil shares)
Jinchuan Group Ltd(China)7.22%(49.75mil shares)
So those four account for 33.67% of the issued shares. The only possible takeover candidate amongst those would be Apac Resources - it is only a small investment for them at the moment worth $13.6mil. They also own 33.2% of Mt Gibson(MGX) worth $465mil and 7% of Westgold(WGX) worth $45mil. Apac has in the last month raised $80mil in a rights issue and taken out a new borrowing of $45mil for their war chest without further explanation. Maybe they think they can pick up MLX cheaply for 45c/share that would cost them an additional $285mil.
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Last
44.5¢ |
Change
0.005(1.14%) |
Mkt cap ! $403.2M |
Open | High | Low | Value | Volume |
44.0¢ | 44.5¢ | 42.8¢ | $508.6K | 1.165M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 173742 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 66931 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 173742 | 0.440 |
11 | 169249 | 0.435 |
13 | 222996 | 0.430 |
14 | 453096 | 0.425 |
14 | 148010 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 68158 | 8 |
0.450 | 209709 | 10 |
0.455 | 290723 | 15 |
0.460 | 260463 | 9 |
0.465 | 104753 | 6 |
Last trade - 10.51am 08/05/2024 (20 minute delay) ? |
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Last
44.0¢ |
  |
Change
0.005 ( 0.00 %) |
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Open | High | Low | Volume | ||
43.8¢ | 44.5¢ | 43.0¢ | 344660 | ||
Last updated 11.01am 08/05/2024 ? |
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