They should be working night and day to get that thing going whilst tin prices are where they are.
Until it does open, it doesnt seem like we are going to see too much price action, other than if a takeover bid or something is launched.
Its weird given what the tin price has done over the past few months and, this being the only decent Australian company who will mine the stuff, that it hasnt received more coverage. I would have thought they'd be queing up to to get a piece of MLX if not the whole thing.
Hmmm, looking at commodity prices, which one has outperformed the rest by a country mile?? Ah, tin. Where can I get some exposure to that.... MLX!! Anywhere else?? Nup!
It aint rocket science.
The way those crazy Indonesian's are behaving it looks like the tin price will remain firm for at least the medium term. Even if it fell 30-40%, Renison would still be a very profitable operation based on their forecast costs. Unless of course they have the same cost blow outs as they had up north. Perhaps that is what the market is waiting for??
It almost like the the perfect scenario has been layed out for MLX to skyrocket yet, for some unknown to me reason, it hasnt.
What the fudge am I missing?
I know you guys share the same view, so instead of posting a million reasons why the share price should/will go up, anyone got any thoughts as to why it aint other than the sh!thouse equity markets, global economy macro mumbo jumbo crap. Any sort of micro issues we should know about??
I back managements ability, and I know their track record is relatively sound, other than the blow out up north. But this mine seems a laydown in my view, its had over 100 years of mining, the costs last time round were managed fairly reasonably. The mine up north was always a little bit specky. What's going on here??
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They should be working night and day to get that thing going...
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Last
63.5¢ |
Change
-0.050(7.30%) |
Mkt cap ! $562.8M |
Open | High | Low | Value | Volume |
65.5¢ | 66.5¢ | 63.0¢ | $1.770M | 2.740M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 31624 | 63.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
64.0¢ | 153231 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 31624 | 0.635 |
4 | 238000 | 0.630 |
2 | 2500 | 0.620 |
4 | 36000 | 0.615 |
4 | 33197 | 0.610 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 153231 | 4 |
0.645 | 42815 | 2 |
0.650 | 50000 | 1 |
0.660 | 25000 | 1 |
0.665 | 222505 | 2 |
Last trade - 16.10pm 17/07/2025 (20 minute delay) ? |
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