Australia's largest stock trading and investment forum Australia's #1 stock forum

MRC

Click for more information

3.85%

2.5¢ mineral commodities ltd

Hi Chuck, Can you point to any ASX listed company that has...

First 59 Last

Share
Profile

Follow
spid81

15,292 Posts.

6660

25/04/24

12:10

Post #: 73509970
Share

Originally posted by ChuckSImmo: ↑

Seems to be the case. Perhaps he doesn't realize that even something simple as impalas on pumps wear out 3 times faster with pocketing in aggressive salt water. Not only is the breakdown an issue, especially if its complicated by not having spares on site, but its also the effects on production prior to that...less pressure, less volume etc. Apply this across the whole plant list and your points a well warranted.

This is why regardless of what maintenance programme has been in place the past couple of years, you are on the money calling for an audit.

Compound this with the drill rig that blew up in Skaaland when it should have been replaced earlier on a proper schedule, then there does seem to be an overall pattern of maintenance failure across the projects and not just islolated incidents..

Have they checked the condition of the bolts holding the walkways around the plant? It all adds up.

Expand

Hi Chuck,

Can you point to any ASX listed company that has provided an audit of their maintenance schedules/list of spares?

MRC Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 14 more messages in this thread...

First 59 Last

Add MRC (ASX) to my watchlist

(20min delay)
Last 2.5¢		Change -0.001(3.85%)		Mkt cap ! $24.61M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.5¢	$656	26.23K

Buyers (Bids)

No.	Vol.	Price($)
1	23769	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	279584	4

View Market Depth

No.	Vol.	Price($)
1	41567	0.024
2	413845	0.023
2	75499	0.022
3	313622	0.020
1	28001	0.018

Price($)	Vol.	No.
0.026	279584	4
0.027	23573	1
0.029	40528	1
0.030	328712	3
0.034	60000	1

Last trade - 16.10pm 03/05/2024 (20 minute delay)

MRC (ASX) Chart