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  1. #21
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    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
    Join Date
    Jul 2015
    Location
    Auckland
    Posts
    956

    Default

    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
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

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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
    Join Date
    Jun 2015
    Posts
    69

    Default

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

  5. #25
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

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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
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

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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
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Another very good presentation out today.

  8. #28
    Senior Member
    Join Date
    Sep 2013
    Posts
    525

    Default

    Indeed it is. Prospects improved while price remains bargain basement

  9. #29
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Bit of price movement today.
    Looks like a break out.

  10. #30
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    IMPRESSIVE presentation indeed disclose not a holder atpit.

    Download Document 2.73MB

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