Over capitalised by minimum 100% in my opinion. Aluminium price is in down/bear market trend and still long way to go to the GFC prices of bauxite and aluminium.
Plenty of downside potential here.
Xinfa would've bought out the company if it was all good, they're on the share register and $30 or $40m for a project that delivers such positive results one would think Xinfa would take the whole 2mt. No, instead they will take 1m and make it a non-binding MOU.
What a load of rubbish.
Over capitalised by minimum 100% in my opinion. Aluminium price...
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Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $279.1M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.6¢ | $522.7K | 11.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3640922 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 2972414 | 9 |
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| MMI (ASX) Chart |