MLX 2.90% 35.5¢ metals x limited

most importantly they know how to run a mine and a company and...

  1. 2,868 Posts.
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    most importantly they know how to run a mine and a company and how to create shareholder value. Its a pity Peter Cook is retiring as he was instrumental to all of this but having been a holder for 7 years, MLX has managed the circumstances exceptionally.

    With regards to the new MLX , i am in the process of trying to establish a P/E for the company however i feel it is around 10 at present. It is not as cheap as TGS or AGO but with an expected 30% uplift in production available (running 2 weeks on 1 week off) at little to no cost along with a rising copper price, the market really should be pricing a 15-25 PE Range.

    Most importantly they know how to run a mine! Tin and tin prices another aspect. Nickel is great but too many unknowns for the market to give it a value.
 
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Last
35.5¢
Change
0.010(2.90%)
Mkt cap ! $322.0M
Open High Low Value Volume
34.0¢ 36.0¢ 34.0¢ $801.8K 2.279M

Buyers (Bids)

No. Vol. Price($)
4 358602 35.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.0¢ 594349 7
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
35.5¢
  Change
0.010 ( 2.90 %)
Open High Low Volume
34.5¢ 36.0¢ 34.5¢ 427608
Last updated 15.58pm 28/03/2024 ?
MLX (ASX) Chart
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