MLM 0.00% 3.4¢ metallica minerals limited

Value., page-224

  1. 1,740 Posts.
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    Hilly you are missing the point...You are comparing a long term situation with AUZ and you are right who knows if they will get the project over the line...but it is the short term negotiating position that MLM screwed up...not demanding a repayment of their costs of the Sconi project up front and then really anything else was upside...cream

    Let me say the history of the company is important to understand...the journey has taken us to where we are today...SP 0.048cents...this is no accident...this is the current management fault...and it is reflecting poor decisions and uncertain outlook...who can say for sure that the bauxite price will continue to be firm...commodities do fluctuate ...we should have already had some shipments from Weipa...to give us an idea what to expect next year...that could have kept the SP firm...did not happen.
 
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Currently unlisted public company.

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