As I see it there is 4 manageable risks that need attention to reduce risk of maintaining a market cap of $80 m.
1. In my opinion Geelong contracts need to be signed and secured beyond the current undefined time frames .
As far as I understand it there is no need to convince any other bodies the technology works in Australia , so it is time to sign a 10 year contract with these parties . Until this occurs there is no security for shareholders on the revenue and profit forecasts that were promised , it is also some concern they are yet to be validated on a month to month basis because of delays . Once a long dated contract was granted and the profit can be seen you could bank the Geelong plant as having a value of at least $40m , at Present there is a definate value but without contracts many risks .
2.In my view the board needs 1 maybe 2 indepndent non exec directors , someone ex alcoa or a major succesful buisness person from industry , not necessarily the aluminium industry . In my view a replacement chair is required , just as ADO did with Mark Bouris , instant recognition and credibility . Nothing against Basil Conti , but he is Franks long term accountant and partner, this is not a private company , and to attract instos should not look like one .
3. The market recognises that to move forward a deal in the USA is vital , it also knows this will require funding of some kind , and outsiders may share my view that a CR is likely , to eleveate that thought , a funder could be announced , if there is a site and client in the loop, surely the funding must also have been discussed , and negotiated , if this is so , the company could shut people with my thought by announcing they have secured fuinding for up; to XXX for any site and infrastructure purchase .
4. The last area of ST importance to protect the share price forom ST drop is to let the market know exactly what business they are in for the next 5 years . Is is salt slag landfill solutions, is it black dross, is it landfill re cycling, is it diversified mining ie silica /gold , etc .
All easily solved in my view , and very important to protecting the share value against ST and MT market downturn consuquences .
In the LT it really shouldnt matter , if MHM achieve all it has stated it intends to do , and the revenues and profits roll in , it wouldnt matter if Mickey mouse was the chairman the market will reward its price on international industry PE ratios similar to that of Befesa .
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Last
47.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $200.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3125 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 9500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3125 | 0.500 |
2 | 37408 | 0.490 |
3 | 4205 | 0.475 |
1 | 6400 | 0.470 |
1 | 10000 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 2899 | 1 |
0.480 | 62384 | 2 |
0.485 | 92970 | 1 |
0.500 | 18000 | 1 |
0.505 | 30000 | 1 |
Last trade - 16.12pm 12/09/2024 (20 minute delay) ? |
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