MZI 0.00% 1.6¢ mzi resources ltd

$10 million from 1 sale yet mkt cap is $25m , page-18

  1. 45 Posts.
    Having been attracted to the Keysbrook potential initially, I am out.
    1. Commodity and macroeconomic outloook is terrible
    2. There have been just far too many delays with this - I have been expecting Keysbrook production for almost a decade (not a typo). Even the BFS has been delayed months and months (based on previous announcements) - I think there is real doubt on management's ability to deliver highly profitable complicated projects in an industry dominated by a few major players.
    4. Tiwi Islands appear to be an expensive place to do business.
    5. Revenue appears to be the focus of all announcements - am much more interested in profit, not just repaying bridging finance to possibly more savvy market participants.
    6. Chatter/hopes increasing on Hotcopper - always a strong sell signal at the speculative end for me.
    I think the modest appreciations in share price indicate that the market is telling us it doesn't believe the MZI story. Hopefully this is not the case for all holders whom I wish good luck. Would consider a re-entry if some of the above are addressed to my satisfaction.
 
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