Latest news with #MetalsX
Yahoo
19-05-2025
- Business
- Yahoo
Metals X invests $3m in Elementos to advance Spanish tin project
Australian tin explorer Elementos has entered a binding agreement with Metals X to raise A$5m ($3.2m) through a strategic private placement. Metals X will subscribe to nearly 58.96 million fully paid ordinary shares in Elementos at $0.0848 per share. The capital raised will support the financing and ongoing advancement of Elementos' Oropesa tin project in Cordoba Province, Andalucia, Spain, as it progresses towards a final investment decision. Additionally, it will aid in the further redevelopment of the Cleveland tin project in Tasmania, along with covering general corporate expenses. Under the terms of the agreement, Elementos will issue the majority of the shares, approximately 58.28 million, under its existing placement capacity, referred to as Tranche 1 placement shares, directly to Metals X. Additionally, Elementos will seek shareholder approval for the issue of the remaining 684,566 shares at a general meeting to be convened within six weeks following the allotment of the initial shares. Upon completion of the placement, Metals X will hold 19.98% of Elementos' enlarged issued capital. The placement is expected to be completed on or around 23 May 2025. Metals X executive director Brett Smith said: 'We are pleased to announce this strategic investment in Elementos. 'This investment provides Metals X with the further opportunity to participate in a global pipeline of developing tin projects, bringing our operational IP [intellectual property] to assist in their development. We look forward to working with the Elementos Management and Board to ensure the best future for their projects.' In line with this partnership, Elementos has extended an invitation to Metals X to nominate two directors to join the Elementos Board. Elementos chairman Andy Greig said: 'Working with Metals X will aid the development and delivery of Elementos' key projects, including the Oropesa tin project in Spain, primed to be the only mine-to-metal tin supplier within the EU, and the Cleveland tin project in Tasmania, which is rapidly growing into a larger critical minerals project. 'We look forward to working closely with Metals X and benefitting from the experience of Australia's only significant tin miner and to mutually benefit from bringing Elementos projects into production.' Last month, Elementos completed a definitive feasibility study at the Oropesa tin project, affirming the project's technical, environmental and economic viability. "Metals X invests $3m in Elementos to advance Spanish tin project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
07-04-2025
- Business
- Yahoo
Those who invested in Metals X (ASX:MLX) five years ago are up 727%
For many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality companies can see their share prices grow by huge amounts. Don't believe it? Then look at the Metals X Limited (ASX:MLX) share price. It's 727% higher than it was five years ago. If that doesn't get you thinking about long term investing, we don't know what will. On top of that, the share price is up 61% in about a quarter. We love happy stories like this one. The company should be really proud of that performance! With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During the five years of share price growth, Metals X moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. We can see that the Metals X share price is down 3.7% in the last three years. In the same period, EPS is up 22% per year. So there seems to be a mismatch between the positive EPS growth and the change in the share price, which is down -1.3% per year. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We know that Metals X has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained. We're pleased to report that Metals X shareholders have received a total shareholder return of 65% over one year. Since the one-year TSR is better than the five-year TSR (the latter coming in at 53% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Metals X better, we need to consider many other factors. For instance, we've identified 1 warning sign for Metals X that you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
07-04-2025
- Business
- Yahoo
Those who invested in Metals X (ASX:MLX) five years ago are up 727%
For many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality companies can see their share prices grow by huge amounts. Don't believe it? Then look at the Metals X Limited (ASX:MLX) share price. It's 727% higher than it was five years ago. If that doesn't get you thinking about long term investing, we don't know what will. On top of that, the share price is up 61% in about a quarter. We love happy stories like this one. The company should be really proud of that performance! With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During the five years of share price growth, Metals X moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. We can see that the Metals X share price is down 3.7% in the last three years. In the same period, EPS is up 22% per year. So there seems to be a mismatch between the positive EPS growth and the change in the share price, which is down -1.3% per year. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We know that Metals X has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained. We're pleased to report that Metals X shareholders have received a total shareholder return of 65% over one year. Since the one-year TSR is better than the five-year TSR (the latter coming in at 53% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Metals X better, we need to consider many other factors. For instance, we've identified 1 warning sign for Metals X that you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
01-03-2025
- Business
- Yahoo
Metals X Full Year 2024 Earnings: EPS: AU$0.11 (vs AU$0.016 in FY 2023)
Revenue: AU$218.8m (up 42% from FY 2023). Net income: AU$102.3m (up by AU$87.8m from FY 2023). Profit margin: 47% (up from 9.5% in FY 2023). EPS: AU$0.11 (up from AU$0.016 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Metals X shares are down 8.1% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Metals X, and understanding this should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
