Australia's largest stock trading and investment forum Australia's #1 stock forum

MLX

Click for more information

1.63%

45.3¢ metals x limited

Plenty with a plant and village already there,and paid for, no...

First 5 Last

Share
Profile

Follow
hightrax

3,928 Posts.

325

29/03/24

01:40

Post #: 73114405
Share

Originally posted by nashezz: ↑

Exactly. It doesn't matter how good the investment is. I can throw up plenty of speccys with just as good prospects, just as 'well run', if MLX is a spec punter now???

It matters that a tin focused producer had no business going off and buying shares in a gold speccy (that just happened to also be held by the dirs parent company). As wb200 stated, if it was done as part of a clearly articulated capital allocation strategy than you'd make room, but that decision was terrible, regardless of whether it ends up being a decent investment, and justifying it as therefore ok is not want you want to be rubber stamping your directors to do.

Expand

Plenty with a plant and village already there,and paid for, no debt, no massive dilution, selling at 3c? With 1m ozs+ proved up at 4gt plus? Name one.

MLX Price at posting: 35.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 14 more messages in this thread...

First 5 Last

Add MLX (ASX) to my watchlist

(20min delay)
Last 45.3¢		Change -0.008(1.63%)		Mkt cap ! $410.0M

Open	High	Low	Value	Volume
45.5¢	46.0¢	45.0¢	$297.5K	653.5K

Buyers (Bids)

No.	Vol.	Price($)
17	317449	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	97085	22

View Market Depth

No.	Vol.	Price($)
17	317449	0.450
11	191361	0.445
14	243262	0.440
11	213959	0.435
9	407808	0.430

Price($)	Vol.	No.
0.455	101073	22
0.460	112843	10
0.465	106710	8
0.470	118845	7
0.475	74510	6

Last trade - 13.57pm 27/05/2024 (20 minute delay)


Last 45.3¢			Change -0.008 ( 1.63 %)
Open	High		Low	Volume
46.0¢	46.0¢		45.0¢	441415
Last updated 14.09pm 27/05/2024 ?

MLX (ASX) Chart