While MAH has pushed firmly into the Eastern states and now has the deal with LEI they were/are WA based and the slowing of their WA operations with potentially worse results to come, ie huge? 40% drop in ore prices and possible (almost certain drop in product volume)is being factored into the current share price.
I would think most expansion/new ore projects will be on hold or scaled back for the short term resulting in suitable MAH equipment/resources being relocated to coal asap.
I also believe a MAH price recovery to above $1, not a huge ask given their recent price AND forward work orders is a long way off with out a T/O offer.
I suggested in this thread earlier some thing is going on ATM the market is unaware off,time will tell.
My thoughts, I continue to hold.
chart, page-32
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $678.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.3¢ | 31.5¢ | $722.2K | 2.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42222 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 426868 | 2 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| MAH (ASX) Chart |