tiprankstipranks
Trending News
More News >

Metals X Limited Proceeds with Partial Offer for Greentech Shares

Story Highlights
Metals X Limited Proceeds with Partial Offer for Greentech Shares

Confident Investing Starts Here:

Metals X Limited ( (AU:MLX) ) has issued an announcement.

Metals X Limited has announced its intention to make a pre-conditional voluntary cash partial offer to acquire up to 28% of Greentech Technology International Limited’s shares, which are not already owned by Metals X or its concert parties. Despite previous attempts to engage with Greentech, Metals X has decided to proceed with the offer due to Greentech’s lack of response to pre-conditions. This move could potentially strengthen Metals X’s position in the market by increasing its stake in Greentech, which indirectly holds a 50% interest in the Bluestone Mines Tasmania Joint Venture.

The most recent analyst rating on (AU:MLX) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Metals X Limited stock, see the AU:MLX Stock Forecast page.

More about Metals X Limited

Metals X Limited is an Australian company primarily engaged in the mining industry, with a significant focus on tin production. Its principal asset is a 50% interest in the Bluestone Mines Tasmania Joint Venture, which operates the Renison Tin Mine on Tasmania’s West Coast.

Average Trading Volume: 5,161,142

Technical Sentiment Signal: Buy

Current Market Cap: A$452.1M

See more insights into MLX stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App