Last A$0.24 AUD
Change Today -0.0125 / -4.90%
Volume 701.5K
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As of 10:34 PM 09/21/14 All times are local (Market data is delayed by at least 15 minutes).

metals x ltd (MLX) Snapshot

Open
A$0.25
Previous Close
A$0.26
Day High
A$0.25
Day Low
A$0.24
52 Week High
07/4/14 - A$0.28
52 Week Low
09/23/13 - A$0.12
Market Cap
401.5M
Average Volume 10 Days
4.2M
EPS TTM
A$0.02
Shares Outstanding
1.7B
EX-Date
--
P/E TM
10.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for METALS X LTD (MLX)

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metals x ltd (MLX) Details

Metals X Limited is engaged in exploring, developing, mining, processing, producing, and marketing metal and mineral properties in Australia. The company operates through three segments: Tin Projects, Nickel Projects, and Gold Projects. It explores for tin, gold, nickel, bismuth, and precious and base metals, as well as cobalt and copper deposits. The company holds a 50% interest in the Renison project located on the west coast of Tasmania; and a 100% interests in the Central Musgrave project with exploration tenure, including the Wingellina nickel deposit, the Claude Hills nickel deposit, and the Mt Davies exploration prospects, located in the Central Musgrave Ranges, Australia. It also holds a 100% interests in the Central Murchison gold project in Western Australia; and the Rover project in the Northern Territory, as well as holds interests in gold operations located in Higginsville and South Kalgoorlie in Western Australia. Metals X Limited was incorporated in 2004 and is based in West Perth, Australia.

254 Employees
Last Reported Date: 08/26/14
Founded in 2004

metals x ltd (MLX) Top Compensated Officers

Co-Founder, Chief Executive Officer, Director...
Total Annual Compensation: A$554.4K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$302.8K
Chief Operating Officer
Total Annual Compensation: A$325.4K
Executive Director
Total Annual Compensation: A$564.5K
Chief Mining Engineer
Total Annual Compensation: A$260.0K
Compensation as of Fiscal Year 2014.

metals x ltd (MLX) Key Developments

Metals X Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2014

Metals X Limited reported audited consolidated earnings results for the year June 30, 2014. For the period, the company reported revenue from ordinary activities of AUD 238,599,832 against AUD 68,716,372, a year ago. Profit before income tax and finance costs was AUD 39,368,185 against loss before income tax and finance costs of AUD 1,602,327, a year ago. Profit before income tax was AUD 37,451,737 against loss before income tax of AUD 1,959,456 a year ago. Profit from ordinary activities after tax attributable to members and net profit attributable to members was AUD 37,451,737 or 2.26 cents per basic and diluted share against AUD 8,672,314 or 0.56 cents per basic and diluted share, a year ago. Net cash flows from operating activities were AUD 73,396,482 against AUD 9,920,956 a year ago. The decrease is due to acquisition of the HGO and SKO as well as an increase in revenue from the Renison Tin Project. Payments for property, plant and equipment were AUD 12,195,847 against AUD 2,130,901 a year ago. The increase was due to the acquisition of the MGO assets in June 2014. Payments for mine properties and development were AUD 26,261,405 against AUD 14,966,404 a year ago. Payments for exploration and evaluation were AUD 10,274,690 against AUD 2,077,793 a year ago. The increase of net cash outflow on investing activities was mainly attributable to acquisition of gold assets (HGO and SKO AUD 44 million and Meekatharra Gold Operation AUD 9.4 million) and capital re-investment in the gold and tin projects. The consolidated entity's debt has decreased by AUD 14,286 to AUD 172,987 from AUD 187,813 over the last year due to repayment of finance leases net tangible assets per share as of June 30, 2014 were AUD 0.19 against AUD 0.17, as of June 30, 2013.

MLX Seeks Acquisitions

Metals X Limited (ASX:MLX) is seeking acquisitions. Peter Cook, Executive Director and Chief Executive Officer of Metals X said, “While in a position to commence returning funds to shareholders, the board considers that given the large number of development projects the company has and the value accretive acquisition opportunities that are currently being assessed, the company's cash may be better served in generating growth and returns.”

Metals X Limited Presents at Diggers & Dealers Mining Forum, Aug-05-2014 12:00 PM

Metals X Limited Presents at Diggers & Dealers Mining Forum, Aug-05-2014 12:00 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoorlie, Western Australia, Australia. Speakers: Peter Gerard Cook, Co-Founder, Chief Executive Officer, Director and Member of Audit Committee.

 

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MLX

Industry Average

Valuation MLX Industry Range
Price/Earnings 10.7x
Price/Sales 1.7x
Price/Book 1.3x
Price/Cash Flow 9.0x
TEV/Sales 1.4x
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