I think with the increased shipping costs and depressed bauxite prices even with the floating crane this company will not be profitable in the near term. However if shipping costs and bauxite prices were to normalise and with the increased profitability enabled by the floating crane this company could very quickly become highly profitable. The issue is that these factors are outside of MMI's control and there may not be enough capital for the company to survive long enough for transport and bauxite to return to normal prices.
I think with the increased shipping costs and depressed bauxite...
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $217.8M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.5¢ | 4.2¢ | $705.3K | 16.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 106 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 191640 | 1 |
View Market Depth
| Last trade - 15.57pm 03/05/2024 (20 minute delay) ? |
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Last
4.3¢ |
Change
0.000 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| 4.3¢ | 4.5¢ | 4.3¢ | 8111309 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MMI (ASX) Chart |