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.
Indo news has definitely induced some profit taking. market does...
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Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $291.0M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.3¢ | 4.8¢ | $1.194M | 23.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 410065 | 2 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| MMI (ASX) Chart |