Don't usually agree with JP but it is quite alarming the price they received for Bauxite in the June quarter (A$44.1/wmt).
MMI received ~ $A75/wmt in the March quarter.
Does anyone know why this might be the case? Have prices actually depressed that much? Or have they just negotiated poorly?
Explains why they need a CR. Margins have been severely depleted. I was expecting them to receive around $A55-60/wmt, similar to the December 2021 quarter.
Don't usually agree with JP but it is quite alarming the price...
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Last
5.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $302.9M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 5.0¢ | $537.9K | 10.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2656457 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 1038928 | 11 |
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| Last trade - 13.53pm 03/07/2024 (20 minute delay) ? |
| MMI (ASX) Chart |