The power of retail or 'Mum and Dad investor' is that they set the market price.
The reason why there is an investor hotline is to persuade you not to sell your shares. Selling your shares puts pressure on the share price. Like today. Institutions value their stakes from the daily share price. Forgot about long term holds, committed holders etc.
That is one part of the puzzle.
As a retail holder, what is MLX worth to you? Forget about what it is worth to SFR, APAC, L1 etc. What is MLX worth to you?
.17 cents is gone. .13 cents is a risky punt. 10 cents is a decent punt as Renison is there. However, there is so much grey with Nifty.
Care and maintenance? Redundancies galore, both executive and staff. It will cost a bomb.
Weekly chart for MLX - Terrible news for investors, page-13
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Last
41.5¢ |
Change
-0.010(2.35%) |
Mkt cap ! $376.0M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.5¢ | 41.5¢ | $449.2K | 1.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 252303 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 28991 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |