No one likes CR's...and unfortunately for companies to get larger sums of money they have to provide a discounted...lukely for MMI this will be the last one till mining finance.
You're a buyer at the right price...I think your best and only chance was the last 3 days to get some below the CR price of 8c, I wish I had some money to buy them myself, well done to whoever got their hands on them.
The price action b4 the CR was due to very few sellers, same reason the SP will have another steady climb going forward, don't forget the likelihood of this Mine getting build is extremely high and production is only 14-15months away, there will be plenty of new buyers over the coming months and majority will hold for a decent return as ROI looks too good within a very reasonable timeframe, and the icing on the cake will be if MMI manages to start the 2nd mine close by and the economies of scale kick in, got to say this is shaping up as my multi bagger for 2016
News: Metro Mining director Lindsay Ward increases stake, page-7
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Last
5.1¢ |
Change
-0.001(1.92%) |
Mkt cap ! $303.7M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 4.8¢ | $1.317M | 26.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 826062 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 3333819 | 3 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| MMI (ASX) Chart |