AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Institutional placement: Metals X Limitedâs (ASX:MLX) stock was placed in a trading halt session at the request of the company on July 31, 2018 due to a proposed placement. Subsequently, the company announced about raising fund of around A$50 million at A$0.65 per share through Institutional placement. The funds have been slated for use to enhance financial flexibility in view of the MLXâs flagship Nifty Copper Operation (Nifty) that continues to ramp up for the targeted annual production rate of 40,000 tonnes of copper in concentrate. The company with the funds raised will accelerate regional exploration at Nifty. The company will also fund targeted regional exploration at the Renison Tin Operations (Renison) and will fund advance activities at the Companyâs development projects including the Maroochydore Copper Project (Maroochydore), the Renison Tailings Retreatment Project (Rentails) and the Wingellina Nickel-Cobalt Project (Wingellina). Further, the company will fund general working capital along with the companyâs existing cash balance. Meanwhile, MLX stock has fallen 9.55% in three months as on July 30, 2018.
[pluginops_form template_id='23834' ]The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
