Don't usually agree with JP but it is quite alarming the price they received for Bauxite in the June quarter (A$44.1/wmt).
MMI received ~ $A75/wmt in the March quarter.
Does anyone know why this might be the case? Have prices actually depressed that much? Or have they just negotiated poorly?
Explains why they need a CR. Margins have been severely depleted. I was expecting them to receive around $A55-60/wmt, similar to the December 2021 quarter.
Ann: July 2022 Quarterly Activities Report, page-15
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $231.6M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.2¢ | 3.9¢ | $283.3K | 7.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1434667 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 300000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MMI (ASX) Chart |