MMI needs to release the DFS and updated reserves, Q2 financials and see July plus beyond maintaining the rates required to meet guidance. Only then can you make reasonable informed decision.
How do we know what the margin is on the ore being shipped? Lots of fixed costs even though shipped tonnes are a big miss to guidance. SaintKitts is right there.
Is MMI requiring additional capital for a further expanded mine fleet because the are now driving 25 kms??
MMI have $42 odd million total in debt due before October 2020. They need to pay Sprott US $1.07 million a month from this month to repay them a total of US$15 million.
Without all the information above I have decided to buy a lotto ticket instead.
Ann: June Quarter Production Results, page-17
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Last
5.4¢ |
Change
0.003(5.88%) |
Mkt cap ! $314.8M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.6¢ | 5.2¢ | $1.341M | 25.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 338165 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 932313 | 11 |
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| Last trade - 13.54pm 04/07/2024 (20 minute delay) ? |
| MMI (ASX) Chart |