MLX 2.50% 41.0¢ metals x limited

What's the strategy with this move, page-7

  1. 12,193 Posts.
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    MLX is moving up slowly on ABY register now at 3.51%.
    Yes, I'm buying ABY, even more today and will swing these ones over to MLX. I wouldn't be surprised to see a rush for the exit now that the 20% requirement is in effect.
    Plenty of shareholders including myself are frankly fed up with our Indian masters, they couldn't run a chook raffle in a hen house. The more shares that goes to MLX will exert more pressure on the ABY board. They mightn't be so clever when the 20% stake is achieved.
    MLX is obviously trying for a blocking stake in case another offer comes along.
    If MLX takes out ABY and the copper price improves in a year or two then MLX will make a bundle.
 
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Last
41.0¢
Change
0.010(2.50%)
Mkt cap ! $371.5M
Open High Low Value Volume
40.0¢ 41.0¢ 40.0¢ $491.9K 1.212M

Buyers (Bids)

No. Vol. Price($)
2 492895 40.5¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 373697 12
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
MLX (ASX) Chart
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