Having been attracted to the Keysbrook potential initially, I am out. 1. Commodity and macroeconomic outloook is terrible 2. There have been just far too many delays with this - I have been expecting Keysbrook production for almost a decade (not a typo). Even the BFS has been delayed months and months (based on previous announcements) - I think there is real doubt on management's ability to deliver highly profitable complicated projects in an industry dominated by a few major players. 4. Tiwi Islands appear to be an expensive place to do business. 5. Revenue appears to be the focus of all announcements - am much more interested in profit, not just repaying bridging finance to possibly more savvy market participants. 6. Chatter/hopes increasing on Hotcopper - always a strong sell signal at the speculative end for me. I think the modest appreciations in share price indicate that the market is telling us it doesn't believe the MZI story. Hopefully this is not the case for all holders whom I wish good luck. Would consider a re-entry if some of the above are addressed to my satisfaction.
MZI Price at posting:
2.4¢ Sentiment: Sell Disclosure: Not Held