WELL,
ABY has nice tax losses,MLX is using up theirs fast
The company has been restructured already -selling one mine.
Which means the owner/controller(main shareholder)isn't interested in growing its overall Australian operations,just securing the copper concentrate.
Copper processing is on a batch basis-----Plant is sitting with spare capacity
MLX -has copper in the ground,it needs to get rid of to get the gold with it.
Last financial report had asset backing equivalent to offer price.
Synergies - and like Reid resources shareholding($5m from memory?) seed money -having a shareholding and if admin should rear its head -a unspoken potential shareholder - legal challenge to any outcome not in their favour -such as not selling MLX the mine.
Maybe a nudge/nudge wink-wink a larger holder would like out -but at what price and when??
DYOR + DYODD History has shown MLX can happily sit -for years if need be.
What's the strategy with this move, page-4
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Last
45.5¢ |
Change
0.010(2.25%) |
Mkt cap ! $412.3M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 43.3¢ | $1.953M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110122 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 49999 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |