The world will soon be awash with cheap high quality Guinea bauxite. (check out my google search below)
MMI are yet to release the information required to make a reasonable assessment to see the original BFS assumption from 2017 are valid? Why would you invest in a company before seeing all this released and make a reasonable assessment?
They have potential in a "thinking outside the box" operation that surely has even made the big boys sit up and pay attention. Maybe it needs scale to realise the $ but how do you tell? Instead we get an announcement about the buyer to tonnes already announced as sold? Err.. or planned to be produced in 2019 without a buyer until now?? Ore that is now further away from Port than in 2017? Who the F knows?
Paid - never enough
Like to be fully informed - yes
Disgruntled - no
Astute investor - yes
News flow, sentiment and credibility are the lifeblood of a small cap and MMI are failing the test...badly IMO!
News: MMI Metro Mining Signs Contract With State-Owned Chinese Aluminum Group, page-10
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $314.8M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $722.3K | 13.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 835258 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 1231028 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MMI (ASX) Chart |