A block trade of 1.5m shares @ $1.25 went through this morning valued at $1.875m, tightening up the ship as some would say.
Great write up from 'Rats Rant'.
MPW - Metal Powder Works Limited today closed up 15% to finish at $1.40 on $2.7m stock traded. There was no news out today but roughly a fortnight ago they announced they doubled the capacity of its DirectPowder process without additional capital expenditure investment.
The patented method converts premium bar stock into quality powder for a variety of materials and applications, significantly improving yield and affordability. This change minimises material waste and increases cycle time, with more of the bar being converted to powder, reducing the production cycle time up to 40%.These developments increase MPW’s capacity to over 100 metric tons of copper, nickel aluminium bronze (NAB), and copper nickel (CuNi) bronze alloys.CuNi & NAB alloys are highly valued for their exceptional resistance to seawater corrosion, strength, and wear resistance.
Last week, MPW appointed Mr Jim McDowell as a non-executive director of the Company, effective immediately.Most recently, Mr McDowell served as Deputy Secretary Naval Shipbuilding and Sustainment at the Australian Department of DefenceHis appointment strengthens MPW’s strategic alignment with the growing demand for high-performance metal powders in the defence and aerospace sectors.
MPW Price at posting:
$1.40 Sentiment: Buy Disclosure: Held
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