I keep scratching my head with this one. It just seems a no brainer. Unless the IKAMBA (OFT) sinks, burns or implodes and/or Indonesia recommences exporting and/or China has a melt down along with India and the rest of the world or management go off half cocked in rare earths/lithium then my back of beer calculations indicate an outstanding opportunity of a life time for current shareholders. And I've been trading for the last 55 years.
(Please correct me if a made a mistake in my calculations above)
2024 Outlook (IMHO)
One would think that management would pay down debt and at the same time retain a cash reserve and recommence exploration and proving up more reserves
2025 Outlook (IMHO)
Balance of debt paid out, commencement of modest dividend payment, share buy back, increase cash reserves and move to 9-10 tonnes shipped per year
News: MMI Metro Mining Says Ikamba Achieves Australian Regulatory Approvals, page-26
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Last
4.3¢ |
Change
0.001(2.38%) |
Mkt cap ! $250.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.2¢ | $406.6K | 9.632M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4242922 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1599042 | 10 |
View Market Depth
| Last trade - 12.09pm 27/05/2024 (20 minute delay) ? |
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Last
4.3¢ |
Change
0.001 ( 3.66 %) |
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| Open | High | Low | Volume | ||
| 4.2¢ | 4.3¢ | 4.2¢ | 5296612 | ||
| Last updated 12.10pm 27/05/2024 ? | |||||
| MMI (ASX) Chart |