The world will soon be awash with cheap high quality Guinea bauxite. (check out my google search below)
MMI are yet to release the information required to make a reasonable assessment to see the original BFS assumption from 2017 are valid? Why would you invest in a company before seeing all this released and make a reasonable assessment?
They have potential in a "thinking outside the box" operation that surely has even made the big boys sit up and pay attention. Maybe it needs scale to realise the $ but how do you tell? Instead we get an announcement about the buyer to tonnes already announced as sold? Err.. or planned to be produced in 2019 without a buyer until now?? Ore that is now further away from Port than in 2017? Who the F knows?
Paid - never enough
Like to be fully informed - yes
Disgruntled - no
Astute investor - yes
News flow, sentiment and credibility are the lifeblood of a small cap and MMI are failing the test...badly IMO!
The world will soon be awash with cheap high quality Guinea...
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Last
4.5¢ |
Change
-0.003(6.25%) |
Mkt cap ! $267.2M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 4.8¢ | 4.5¢ | $117.3K | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 679618 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 479738 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MMI (ASX) Chart |