share price on penny stock are based on current condition but obviously it has number of fools who put money on future instead of present and hence they end-up as behavioural stock pumper not just to justify their own dumb decision but to motivate others to join the party !
if MMI bauxite price goes to $100 USD then sure it will be different story !
if Silica impurities in MMI product reduce to1% then sure it will be different (I bet you don't even know what is silica impurities on MMI product).
With this even if Bauxite price continue to go up you will be paying off $89 debt that you still have on the book and you also need to be lucky to make sure plant don't stop or you don't see cyclone affecting loading ! Obviously after all this luck you then need to make sure you have enough mine life left as well.
So basically, no need to return to see where price will be because the way it was pumped to 5.8c sure there are many dumb around to invest on penny stock in a hope to be rich !
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
share price on penny stock are based on current condition but...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMI (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.1¢ |
Change
0.001(2.00%) |
Mkt cap ! $303.7M |
Open | High | Low | Value | Volume |
5.1¢ | 5.2¢ | 4.9¢ | $868.6K | 17.23M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1563632 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 839015 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 463632 | 0.050 |
3 | 488212 | 0.049 |
4 | 2269049 | 0.048 |
4 | 823361 | 0.047 |
3 | 2002500 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 30000 | 1 |
0.052 | 2135331 | 7 |
0.053 | 1145759 | 4 |
0.054 | 2129425 | 8 |
0.055 | 1105072 | 10 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
MMI (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online