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
43.3¢ |
Change
-0.008(1.70%) |
Mkt cap ! $394.5M |
Open | High | Low | Value | Volume |
43.5¢ | 44.0¢ | 42.8¢ | $317.1K | 730.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 195 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 91599 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2700 | 0.430 |
12 | 217777 | 0.425 |
11 | 160967 | 0.420 |
10 | 88243 | 0.415 |
12 | 413327 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 85988 | 15 |
0.440 | 182822 | 12 |
0.445 | 209484 | 10 |
0.450 | 452472 | 13 |
0.455 | 124633 | 6 |
Last trade - 13.29pm 20/09/2024 (20 minute delay) ? |
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