I agree with you. More likely off take agreement rather than T/O.
When I checked the company trades during lunch time and after market,
it looks trades were not so naturally smooth, anyway.
First shipment of bauxite ore in 2016 3rd quarter, time will come within brink of eyes.
While, thermal coal's future looks gloomy as China intends more to curb using coal in power plants.
I think exploring Indian market is possible alternative.
Anyway, big or small, any company can do anything with generated money.
regards,
price target 60 cent, page-7
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Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $273.2M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.5¢ | $184.3K | 3.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 811955 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 602901 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MMI (ASX) Chart |