A midcap miner gowing fast with no debt and mainly upside in its output prices ahead and excellent reserves with decline in $A very much favourable makes MLX a better bet for me. Cashflow should be qite vpositive so will quickly paydown purchase price of the WA gold assets, which were cheap to begin with. it might be wise for mlx to look at expanding output at Renison over next half decade as tin becomes more scarce. The reserves are there and have an addition rate higher than production. If the gold price kicks up then they may even be in a position to pay a dividend. Thats less important than repositioning as a sound mid cap.
A midcap miner gowing fast with no debt and mainly upside in its...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
57.0¢ |
Change
-0.010(1.72%) |
Mkt cap ! $505.2M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 58.3¢ | 57.0¢ | $716.9K | 1.247M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 31532 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 5351 | 1 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| MLX (ASX) Chart |