While MAH has pushed firmly into the Eastern states and now has the deal with LEI they were/are WA based and the slowing of their WA operations with potentially worse results to come, ie huge? 40% drop in ore prices and possible (almost certain drop in product volume)is being factored into the current share price.
I would think most expansion/new ore projects will be on hold or scaled back for the short term resulting in suitable MAH equipment/resources being relocated to coal asap.
I also believe a MAH price recovery to above $1, not a huge ask given their recent price AND forward work orders is a long way off with out a T/O offer.
I suggested in this thread earlier some thing is going on ATM the market is unaware off,time will tell.
My thoughts, I continue to hold.
While MAH has pushed firmly into the Eastern states and now has...
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Last
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $592.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.5¢ | 26.0¢ | $323.1K | 1.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 155828 | 6 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| MAH (ASX) Chart |