Metals X Likely to Raise Offer for Renison Mine Stake -- Market Talk

Dow Jones

Jan 29

2207 GMT - Metals X's growing cash pile leads Ord Minnett to speculate that it could make an improved offer for Greentech Technology International's 41% stake in the Renison tin mine. Metals X had a cash balance of A$294 million at end-December. Analyst Matthew Hope says a deal for Greentech's stake would almost double its free cash flow and give it majority ownership of the mine. "Metals X's last 'low-ball' offer priced the mine stake at A$96 million," Ord Minnett says. That compares to Ord Minnett's valuation of A$313 million. "We expect Metals X will offer a higher price, and with Greentech at risk of being delisted from the Hong Kong stock exchange by March after being suspended for 18 months, we see an increased incentive for retail investors to accept a bid," it says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 28, 2026 17:07 ET (22:07 GMT)

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Metals X had a cash balance of A$294 million at end-December. Analyst Matthew Hope says a deal for Greentech's stake would almost double its free cash flow and give it majority ownership of the mine. \"Metals X's last 'low-ball' offer priced the mine stake at A$96 million,\" Ord Minnett says. That compares to Ord Minnett's valuation of A$313 million. \"We expect Metals X will offer a higher price, and with Greentech at risk of being delisted from the Hong Kong stock exchange by March after being suspended for 18 months, we see an increased incentive for retail investors to accept a bid,\" it says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2026 17:07 ET (22:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Metals X Likely to Raise Offer for Renison Mine Stake -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetals X Likely to Raise Offer for Renison Mine Stake -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-29 06:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n   2207 GMT - Metals X's growing cash pile leads Ord Minnett to speculate that it could make an improved offer for Greentech Technology International's 41% stake in the Renison tin mine. Metals X had a cash balance of A$294 million at end-December. Analyst Matthew Hope says a deal for Greentech's stake would almost double its free cash flow and give it majority ownership of the mine. \"Metals X's last 'low-ball' offer priced the mine stake at A$96 million,\" Ord Minnett says. That compares to Ord Minnett's valuation of A$313 million. \"We expect Metals X will offer a higher price, and with Greentech at risk of being delisted from the Hong Kong stock exchange by March after being suspended for 18 months, we see an increased incentive for retail investors to accept a bid,\" it says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2026 17:07 ET (22:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MLX.AU","symbol_name":"METALS X LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2607725212","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2607725212","pubTimestamp":1769638020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2207 GMT - Metals X's growing cash pile leads Ord Minnett to speculate that it could make an improved offer for Greentech Technology International's 41% stake in the Renison tin mine. Metals X had a cash balance of A$294 million at end-December. Analyst Matthew Hope says a deal for Greentech's stake would almost double its free cash flow and give it majority ownership of the mine. \"Metals X's last 'low-ball' offer priced the mine stake at A$96 million,\" Ord Minnett says. That compares to Ord Minnett's valuation of A$313 million. \"We expect Metals X will offer a higher price, and with Greentech at risk of being delisted from the Hong Kong stock exchange by March after being suspended for 18 months, we see an increased incentive for retail investors to accept a bid,\" it says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MLX.AU":"METALS X LTD","BK7095":"多种金属与采矿","BK7507":"资源股"},"translate_title":"Metals X可能会提高对Renison Mine股份的报价——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MLX.AU":0.9},"content_text":"2207 GMT - Metals X's growing cash pile leads Ord Minnett to speculate that it could make an improved offer for Greentech Technology International's 41% stake in the Renison tin mine. Metals X had a cash balance of A$294 million at end-December. Analyst Matthew Hope says a deal for Greentech's stake would almost double its free cash flow and give it majority ownership of the mine. \"Metals X's last 'low-ball' offer priced the mine stake at A$96 million,\" Ord Minnett says. That compares to Ord Minnett's valuation of A$313 million. \"We expect Metals X will offer a higher price, and with Greentech at risk of being delisted from the Hong Kong stock exchange by March after being suspended for 18 months, we see an increased incentive for retail investors to accept a bid,\" it says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2026 17:07 ET (22:07 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}