"As long as they continue to over-promise and under-deliver it will be hard to develop investor trust." - FireStorM
I have quite different view. Moolap profitability is irrelevant. They need to tinker with the process and improve it here. It is better for us if the management is not bothered by the production interruptions and profits at Moolap, better to improve the process and work on SPL so that this could be added to the salt cake business asap.
I look forward to additional contracts and plants in the USA and other locations. The world is much bigger than Moolap and offers 100 times the potential. Some people are attaching too much value to the inconsequential announcements.
We have also been waiting for further progress and info about silica spin off, its value is difficult to estimate but it could provide significant funding for the global salt slag expansion.
MHM Price at posting:
72.0¢ Sentiment: 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)