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...
Add MMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $309.6M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 5.2¢ | $1.300M | 24.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 854720 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 1693409 | 5 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MMI (ASX) Chart |