As far as I know tomorrow is the final day for listed companies to lodge their accounts to the public for scrutiny .
In my opinion for MHM it is a great opportunity to place a line in the sand and write off any remaining good will from the silica asset , tax credits, and reduce the plant and property asset values to market
It is also the first opportunity for the new CEO to tell the market about his opinion on the future he plans to deliever
A line in the sand and some positive commentary about the filter , Al 80 sales and removal of the excessive bags and backlog could actually see the stock react very positively
A downcast update could see the stock come under more pressure
No announcment at all on the accounts will lielky see the stock suspended
Will be a very intersting day indeed .
If the line in the sand is drawn and the update is generally positive and they can convince me they dont need to raise capital , I might become a holder again .
MHM Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
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