MMI 2.00% 5.1¢ metro mining limited

share price on penny stock are based on current condition but...

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  1. 1,349 Posts.
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    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 !
 
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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
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
MMI (ASX) Chart
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