MNE 5.26% 3.6¢ metallum limited

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  1. 5,577 Posts.
    No. Share value is not the indicator of progress, it is the indicating value of companies. As it becomes more profitable or valuable the share value increases and vice versa. This is why on the occasions commodities fall, share values fall, because the company is worth less and has less profitability. Your comment insinuates that when commodity prices fall, a companies progress and the work it has done disappears, and we move backwards.

    Your comment also insinuates a company floating on the market and increasing in share value has progressed and done more than a company who has a share value significantly lower due to capital raising, and imminent to hit production. If you think June 2014 floats have progressed more and are going to hit production before MNE do based on share value, than I do not know why you are even posting here. According to your comments, we have not made any progress since we floated.
 
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