Indo news has definitely induced some profit taking.
market does shoot first and ask questions later, especially when the stock has been on such a good run.
the real question for MMI is 1) can we get to 8-9mtpa 2) will the margins be north of $20/t at current prices or even slightly lower.
if the answer to both 1) and 2) is yes then you are still paying 2x earnings for a 10 year asset.
MMI General Discussion, page-21
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $238.2M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.2¢ | 4.0¢ | $170.8K | 4.187M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 883205 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 1670033 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MMI (ASX) Chart |