Base metals very weak past 2 trading days. If IO price falters, then MAH will soften as not only will RPG6 be placed on back-burner... but current contracts will also be trimmed. Buy below 60c is my new target. No need to rush when entire mkt is falling. Patience is best strategy imo. Financially, MAH has never been in better shape. Its Achillies heel is over-dependence on demand for IO, coal and diamonds, staying very high. Firm lacks exposure to the one commodity that is booming... i.e. gold although some gold is produced at Olympic dam. That's why MAH attempted TO of ASL... to get quick entry into gold drilling/crushing indutry, along with entry into Africa esp W. Africa.
buy below 63c, page-15
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $689.5M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.3¢ | 31.5¢ | $722.2K | 2.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42222 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 426868 | 2 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| MAH (ASX) Chart |