Sorry I was genuinely asking a question.
I love MMI and have held it for over 2 years. I think they are sitting on a heap of value and the share price should be at least 4c.
I'm keen to learn more about the operations. I realise that the gradual transition from 4mt to 7mt is a critical risk point. Execution is key.
Assuming MMI have similar fixed costs per day loading the smaller vessels, then wouldn't such a low daily loading rate make the "new business" loss making?
Is it silly to assume that the fixed costs are the same/ similar for the new vessels?
If I'm being stupid here, you can tell me. Just keen to learn more.
2023 Production Progress, page-147
Add MMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.3¢ |
Change
-0.002(4.44%) |
Mkt cap ! $255.4M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 4.6¢ | 4.3¢ | $194.8K | 4.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1855591 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 25000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
4.3¢ |
Change
-0.002 ( 4.44 %) |
||||
| Open | High | Low | Volume | ||
| 4.5¢ | 4.5¢ | 4.3¢ | 1755926 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| MMI (ASX) Chart |
