Yes Malcolm,Sibelco are huge and their aspirations are unlikely to rest as minor shareholders in either Metallica or Diatreme. Their Silica Sand operations span many countries with an unrivalled level of expertise judging by their website. I would expect their 1% of MLM will grow to 19.9% reasonably quickly.
The question I have is what are Mitsubishi doing ? As a large supplier in the market(including to Sibelco) and the rumours that economic silica sand at their site is running short, why have they not made moves on MLM or Diatreme? Do they naively think that neither company will succeed in exporting whilst they effectively control the existing jetty ? Surely now with rapid progress on both adjacent developments and the presence of serious corporate entities, they need to be considering their own move? I understand that Mitsubishi have 2 new tugs coming to Cape Flattery so maybe something is in the wind?
I reckon we get the popcorn out and watch the corporate plays of the big boys over coming months. It will be fascinating entertainment.
Cheers
- Forums
- ASX - By Stock
- Ann: Investor Roadshow presentation - Perth
Yes Malcolm,Sibelco are huge and their aspirations are unlikely...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLM (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $21.11M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $45.92K | 2.087M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 234141 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 563000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 234141 | 0.022 |
2 | 320759 | 0.021 |
1 | 1000000 | 0.020 |
2 | 246200 | 0.019 |
1 | 350000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 563000 | 2 |
0.024 | 920848 | 2 |
0.025 | 252630 | 1 |
0.026 | 71000 | 2 |
0.029 | 100000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
MLM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online