As pointed out by mineboy in another reply, it appears that the ship loading is slow (although I'm not conversant with what is a reasonable expectation).
Ship arrived on the 19th (and previous reply's indicate for a volume of 60,000t), assuming loading began the next day and if finished today (no info about this, pure speculation for the sake of calculation), that would indicate a loading rate of ~6,000t/day (the CEO stated shipping is going OK). Note sure if this is a reasonable figure for such operations.
bucks369 used a value of $50/tonne, so for the remainder of this quarter (May and June = 60 days) this gives 60 days * 6,000 t/day * $50/t = $18m (plus $3m for the first 60,000t shipment). This estimate of revenues of $21m compares to that of $25m made by bucks369.
At a rate of 6000t/day this would indicate a revenue of $27m per quarter (@ $50/tonne). So looks like they are cash positive?? Why the apparent dumping of shares??
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
As pointed out by mineboy in another reply, it appears that the...
- There are more pages in this discussion • 13 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
4.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $267.2M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.3¢ | $482.8K | 10.72M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 119999 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 2000000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 119999 | 0.045 |
1 | 1000000 | 0.044 |
8 | 1837205 | 0.043 |
11 | 2615712 | 0.042 |
9 | 4625905 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 2000000 | 1 |
0.047 | 600000 | 2 |
0.048 | 1879472 | 6 |
0.049 | 6249530 | 7 |
0.050 | 2498654 | 9 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
4.4¢ |
  |
Change
0.000 ( 2.22 %) |
|||
Open | High | Low | Volume | ||
4.5¢ | 4.6¢ | 4.4¢ | 8220881 | ||
Last updated 15.59pm 14/06/2024 ? |
Featured News
MMI (ASX) Chart |