THEITGUY, just buy ABY under 20 cents, and then send the...

  1. 12,982 Posts.
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    THEITGUY, just buy ABY under 20 cents, and then send the paperwork through to MLX.
    An easy way to make money. You will need to wait until the 20% stake is obtained.
    MLX won't give up on their hunt for ABY, Peter Cook is no fool he knows that Cu will be back up to US$3 to US$3.50/lb in the next 12 months. Its only a matter of time.
    People need to remember that ABY is the fourth largest independent Cu producer in Australia.
    ABY produces more Cu than all the Cu producers in India combined. This is what this takeover is all about, plus ABY has more cash in the bank than the offer price. ie getting a 50,000 tonne pa mine for nothing. But it does need good management to do this, Indians are only good at making curries but they don't have a clue about operating a mine. Have you seen the number of Indian lackeys on the ABY board? You could scrap 70% plus and there'd still be too many of them.
    Too many chooks and not a single rooster in the hen house.
    Terminating the 90% requirement was a very smart move, as Hindlaco was never going to agree to the offer price, but with a 20% stake MLX can force a rebellion against the current ABY management if they don't perform.
    Last edited by rocket973: 30/12/15
 
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(20min delay)
Last
54.5¢
Change
-0.015(2.68%)
Mkt cap ! $483.0M
Open High Low Value Volume
56.5¢ 57.0¢ 54.0¢ $1.127M 2.054M

Buyers (Bids)

No. Vol. Price($)
9 197178 54.0¢
 

Sellers (Offers)

Price($) Vol. No.
54.5¢ 15550 1
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Last trade - 16.16pm 04/07/2025 (20 minute delay) ?
MLX (ASX) Chart
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