Common Atlas to head out tomorrow then onto the Nord Pacific. Bulk Norway joins the Capesized queue and gets the production up to 4.9m if they can fill every ship currently chartered.
I've been following MMI for a few years now (and lost a fair bit of money on it to be honest!) but I strongly think this is the turning point - it'll be an impressive set of December quarter numbers given the volume they are shipping, and they will also be profitable for the 2023 year (Dec year end) which will get the market noticing.
Further to that, they have pretty much finished the capex cycle and have better potential than ever before. I'm with @amb005 - invest whatever you can because this is a derisked opportunity.
Common Atlas to head out tomorrow then onto the Nord Pacific....
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Last
5.0¢ |
Change
-0.001(1.96%) |
Mkt cap ! $297.7M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.8¢ | $382.6K | 7.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5227381 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 1973343 | 11 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| MMI (ASX) Chart |