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
|
|||||
Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $261.3M |
Open | High | Low | Value | Volume |
4.2¢ | 4.4¢ | 4.1¢ | $171.4K | 4.054M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45000 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 548944 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45000 | 0.043 |
4 | 47505 | 0.040 |
4 | 1365641 | 0.039 |
5 | 2385000 | 0.038 |
13 | 6317190 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 401940 | 2 |
0.045 | 430750 | 3 |
0.046 | 430000 | 3 |
0.047 | 113000 | 2 |
0.048 | 1390000 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
MMI (ASX) Chart |