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  1. #21
    percy
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    Oct 2009
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    christchurch
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    Getting there slowly.
    Ship loading is getting a lot better.
    Some ships have better cranes,and MMI are ordering them.
    A few things which should not be reccuring were in this half,such as the cost of taking opperations in house.[$1.9mil] yet producton savings will be ongoing.

  2. #22
    Senior Member
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    Jul 2015
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    Auckland
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    Are you worried about demand drying up with the recession? I understand they have contacted demand, but i question the value of international contracts, especially with non western countries.

  3. #23
    percy
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    christchurch
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    Quote Originally Posted by Lewylewylewy View Post
    Are you worried about demand drying up with the recession? I understand they have contacted demand, but i question the value of international contracts, especially with non western countries.
    With international trade you never know.
    Not worried, as I have not bet the ranch on then,just the old out house, at the back of the back shed.
    Light weight materials such as aluminium are in growing demand [cars,planes,etc] therefore demand for MMI's bauxite should grow too.Any commodity will have its ups and downs,however the long term future for bauxite is solid.
    The life of MMI's resource is to 2037.

  4. #24
    Member
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    Jun 2015
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    69

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    Nice finish today. Hopefully the buying continues tomorrow. Needs a bit more volume.

  5. #25
    percy
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    Bit of reading.
    Lot of posts on HC.
    Google ;Australia's only pure play bauxite producer capitalising on China demand.
    Today's announcement;Completion of stage 2 DFS,[definite feasibility study]
    All very positive. so I added to my holding.

  6. #26
    percy
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    christchurch
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    Today's announcement that NAIF [Northern Australia Infrastructure Facility] will offer Metro Mining a au $ 47.5mil loan to fund their expansion to 6 million tonnes per annum, I view as extremely positive.

  7. #27
    percy
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    Another very good presentation out today.

  8. #28
    Member
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    Sep 2013
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    367

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    Indeed it is. Prospects improved while price remains bargain basement

  9. #29
    percy
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    christchurch
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    Bit of price movement today.
    Looks like a break out.

  10. #30
    Update Ready To Install
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    Aug 2010
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    Floating Anchor Shoals
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    8,968

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    IMPRESSIVE presentation indeed disclose not a holder atpit.

    Download Document 2.73MB

  11. #31
    percy
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    Oct 2009
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    christchurch
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    Metro Mining refinances existing debt to secure $47.5 million loan from NAIF. Metro is on track to meet the upper end of its 2019 guidance of bauxite production and shipping from the Bauxite Hills Mine in Far North Queensland....
    Last edited by percy; 20-12-2019 at 08:29 AM.

  12. #32
    Handsome Member
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    Jun 2015
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    Quote Originally Posted by percy View Post
    Metro Mining refinances existing debt to secure $47.5 million loan from NAIF. Metro is on track to meet the upper end of its 2019 guidance of bauxite production and shipping from the Bauxite Hills Mine in Far North Queensland....
    Mining sector seems to be doing well in Aus this year, took a small position in MSV and looking at add once some divies come through, did you get comms about the share consolidation 10:1 going forward?
    Have not done much research on MMI, do you see a better business in MMI vs MSV? I will def do my own research but just looking for your opinion as I am new to this sector.
    Last edited by LAC; 20-12-2019 at 09:14 AM.

  13. #33
    percy
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    christchurch
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    Quote Originally Posted by LAC View Post
    Mining sector seems to be doing well in Aus this year, took a small position in MSV and looking at add once some divies come through, did you get comms about the share consolidation 10:1 going forward?
    Have not done much research on MMI, do you see a better business in MMI vs MSV? I will def do my own research but just looking for your opinion as I am new to this sector.
    I hold both MSV which is a drilling contractor and MMI which is a straight bauxite miner.
    Think both are excellent value.Yes I saw MSV share consolidation news.
    I have a bit more in MMI.
    Both give excellent presentations,and seem to do what they say they will do.
    MSV still does a lot of coal drilling, which may put people investing in them.
    Each is around half a % of my total portfolio..
    I am a novice with Australian mining/services company.
    I have doubled my holding in each this year,on positive annoucements.
    Last edited by percy; 20-12-2019 at 10:23 AM.

  14. #34
    Guru
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    Dec 2010
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    near Mangonui Northland
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    only 30 + hours to get your 2020 picks in .... about ONE DAY
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is manditory.

  15. #35
    percy
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    christchurch
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  16. #36
    percy
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    ❑ Lower alumina price causing lower bauxite pricing
    generally
    ❑ Market dislocation given very low freight rates
    Guinea to China
    ❑ Customer uncertainty and caution
    ❑ Difficulty in securing additional sales contracts -
    challenges remain

    https://stocknessmonster.com/announc...asx-2A1242482/

    Disc Sold on 8/4/2020 at 11 cents..
    Last edited by percy; 06-09-2020 at 08:34 AM.

  17. #37
    Senior Member
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    Jul 2015
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    Auckland
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    Thanks for the update. Glad you got out with a profit.

    It's that last point that gave me concern, i was hoping to read something to the contrary here, but got what i expected. Fortunately i never ended up buying into mmi... it was always just above my desired entry price.

  18. #38
    percy
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    christchurch
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  19. #39
    Handsome Member
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    Jun 2015
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    Very sad news for the people and company... all happened very fast.

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