Good Oil's and Firsova's points tonight are valid, but here are some answers.
No Patents - For reasons that are well known. Patents can be a how to guide for anyone wanting to steal the technology.
No License - First right of refusal No Proven Tech - Incorrect. It's working at Geelong and MUST have been the catalyst for the feasibility study with SSC No Gold - And not factored into the SP at all No Silica (Twin Turbo or otherwise) - TTC is not relevant to the SP and I believe that silica is also not factored into the current SP. It is not given any weight in the broker reports No $10m profit pa - Correct. I believe the SP would be higher if it was, as this would be a growth stock with high cash flow. Growth stocks usually trade well above P/E.
The SP would be higher if everyone believed this story. Enough people do to keep the price at $1.00 and enough evidence has been provided, through contracts plant upgrades and income.
Does MHM have contracts, including with a world leading aluminium company? Is it leasing land from that company for $1 per year? Is it generating income from the treatment of slag? Is it in the process of a 6 month feasibility study with another leading U.S aluminium company (SSC)? Has the exec director moved to the location of that company's next proposed plant?
This is truly an elaborate scheme if it's all a trick.
MHM Price at posting:
$1.04 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)