MMI 1.92% 5.1¢ metro mining limited

Ann: June Quarter Production Results, page-3

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  1. 1,407 Posts.
    lightbulb Created with Sketch. 4037
    yes not a very sexy share at the moment MMI @journeyman, it even attracts "astute investors" who do google research and who are determined to see it fail it seems. Anyway, this announcement is just typical MMI, they keep just reaching their targets, plodding forward and playing their cards close to their chest. As you say they are in that dead zone between explorer and established producer and an easy target for some who think they are more important and knowledgable than they are. They are unloved by many but I like their persistent china strategy, I like that they booted their old contractors, I like that they keep heading determinedly in the one direction. It sounds as if they are quietly optimistic that the new China customer will buy more on the basis that they have to alter their refinery specs to accommodate MMI bauxite. Maybe that has something to do with reliability. I am looking forward to them still getting 3.5MT this year and what their plans are next.
 
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