Chakay
I'd have to politely disagree. I don't think the market is looking for direction.
The market is looking for a signed deal on the USA plant. If that comes with or without a silica/copper deal I think is irrelevant.
At a forecast $8M ebit, MHM is actually trading at a very high market cap of $140M fully diluted. The fact is any final signed deal on the USA plant will allow the company to be re-rated.
Even if MHM came out now saying they are negotiating with someone in Canada for 150ktpa plant, I don't think this would change the market cap substantially.
Everyone knows this company has massive potential in Al, it also has the bonus of substantial Si and Cu. All the market wants is the first signed international deal.
What with GFC2 rearing its ugly head every second month or so for the past year, I think the MHM share price has done extremely well to hold up. And that is because of the massive potential of the company.
Cheers
ChakayI'd have to politely disagree. I don't think the market is...
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Last
33.0¢ |
Change
0.010(3.13%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $1.258M | 3.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29554 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 13548 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| VYS (ASX) Chart |