They devalued again. Second time in as many days. Aluminium and bauxite and every other commodity gone for years. The DFS will not be nearly as good as the PFS when that was done 6 months ago. $AUD has fallen by 10% since the PFS was done so this is a positive to MMI if they sell in $USD (most likely) however the price of bauxite has fallen by how much since the PFS? Low demand in aluminium will translate to low demand for bauxite. Importing has just become more expensive to China as they concentrate on exporting to rev up their economy. It's a no brainer in my opinion.
http://www.smh.com.au/business/mark...hina-devalues-yuan-again-20150812-gix826.html
They devalued again. Second time in as many days. Aluminium and...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.9¢ |
Change
-0.003(5.77%) |
Mkt cap ! $291.0M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.3¢ | 4.7¢ | $1.200M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3985137 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 5485246 | 3 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| MMI (ASX) Chart |