MMI 2.17% 4.7¢ metro mining limited

Ann: CEO Presentation at EGM-MMI.AX, page-12

  1. 17,236 Posts.
    lightbulb Created with Sketch. 398
    probably a few things. The asx generally has been declining the past week and a half. Aluminium has weakened a bit since mid August. Also technically 12c was chart support so when that broke today it dropped quickly.........

    But I would say that the overall biggest factor is the blow out of production time lines by 6 months thanks to environment issues. They did try to wizza wazza over that fact in the egm preso but the market spotted it straight away and didn't like it. I nearly sold myself at 14c but hesitated just a minute too long. What stopped me was the overwhelming economics of the project in the longer term. If something actually goes right this could easily end up over a dollar eventually. So I guess I will hang in there now and concentrate on other stocks. Maybe an obvious top up point will present itself or maybe that DFS that is due this quarter will reignite interest.
 
watchlist Created with Sketch. Add MMI (ASX) to my watchlist
(20min delay)
Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $279.1M
Open High Low Value Volume
4.7¢ 4.8¢ 4.6¢ $522.7K 11.18M

Buyers (Bids)

No. Vol. Price($)
5 3640922 4.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 2972414 9
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MMI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.