The way I see it, we may be nearing the bottom of the share price free fall, with little selling below the 8c mark, (but note also little buying above).
I bought a few today after weighing up the risk V reward.
There can always be additional selling pressure come at any time, but I feel that there cant be much more negative information come out.
I think we have already factored in the following - Rising AL80 stockpiles Filter delays CEO change US expansion delays News of questionable financial dealings by previous directors
The potential positives coming are - The filter commissioning hopefully by end Oct. Plant throughput increased to 1000+ tons (subject to filter) Potential news of meaningful AL80 contracts. Continued profitable quarterlies. Agreement with FR re process ownership Landfill commencement AGM presentation
Anything I have missed in either box that we need to consider? Company is now trading at around book value, with little to no forward looking potential factored in.
Have we seen the bottom in terms of the SP, and is the risk reward now favouring the upside?
IMO it is.
MHM Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
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