If anyone were to take it out, its likely to be RIO. They've got a huge Weipa operation and once MMI is close to 10m of production, its a material operation (RIO would have no interest in 3-4m per year which is what they've been). MMI have good tenements all around the RIO ones and once they start drilling will convert the resources. The valuation is correct - once the long term debt is paid down/restructured and production hits reasonable levels - say 2.5m a quarter - then 7c is cheap and 14c starts to look reasonable.
- Forums
- ASX - By Stock
- MMI
- Ann: Trading Update
Ann: Trading Update, page-10
-
- There are more pages in this discussion • 1 more message 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
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $238.2M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $170.8K | 4.187M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 883205 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 1670033 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 833205 | 0.040 |
3 | 420000 | 0.039 |
4 | 2202946 | 0.038 |
7 | 2833172 | 0.037 |
2 | 1400000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 1670033 | 2 |
0.043 | 773229 | 3 |
0.044 | 1875972 | 3 |
0.045 | 1187821 | 9 |
0.046 | 1690523 | 5 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
MMI (ASX) Chart |