"The magnitude of the changes being implemented at Moolap should not be underestimated – naturally, these will take time to bed down and some patience is needed."
Your directors note that there has been substantial movement in the company’s share register with many large and substantial shareholders choosing to exit. They are also mindful of the weak share price which in part reflects the events of last year but also larger parcels of shares which continue to overhang the market. The magnitude of the changes b eing implemented at Moolap should not be underestimated – naturally, these will take time to bed down and some patience is needed. The board is encouraged by the steady reduction in operationa l and other costs, the generation of positive EBITDA over the past three months and the prospect of mean ingful and sustained Non Metallic Product (NMP or AL80) sales locally and overseas.
MHM Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
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