Indo news has definitely induced some profit taking.
market does shoot first and ask questions later, especially when the stock has been on such a good run.
the real question for MMI is 1) can we get to 8-9mtpa 2) will the margins be north of $20/t at current prices or even slightly lower.
if the answer to both 1) and 2) is yes then you are still paying 2x earnings for a 10 year asset.
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Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $291.0M |
Open | High | Low | Value | Volume |
5.0¢ | 5.3¢ | 4.8¢ | $1.194M | 23.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 410065 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.049 |
3 | 484724 | 0.048 |
6 | 1947755 | 0.047 |
12 | 2171530 | 0.046 |
8 | 1313309 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 410065 | 2 |
0.051 | 416586 | 2 |
0.052 | 393124 | 2 |
0.053 | 2090811 | 7 |
0.054 | 971951 | 2 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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MMI (ASX) Chart |