Yeah, that’s weird.
Hopefully the general population of Guinea are safe & not in harms way but the coup there may well cast a shadow over that country as a bankable, reliable source.
One could easily imagine an immediate impact on the global price if that source is threatened even temporarily &/or modestly? Even if continuity of supply isn’t impacted, you could easily imagine Chinese processors wanting to manage risk by establishing secondary/alternate sources eg MMI?
Anyway, at the risk of being grateful for dramas elsewhere the developments in Africa may have positive & significant MMI’s short & medium term fortunes!
Hold all tickets punters! Happy Daze?
Ann: 2021 Offtake update, page-27
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Mkt cap ! $321.5M | |||
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