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- 5 June 2007
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MHM in trading halt today. Not a lot of information given.
Any reasons?
Announcement out re capital raising - $3m @ 20c a share which seems pretty damn good given it has only just jumped back over that in the last month after trading under 10c for the last year!
They are buying into Aluminium Salt Slag reprocessing - anyone have any experience/insights into the success/otherwise of this process??
The potential operating figures they are suggesting would make their current MC well below what it could be - revenue $19m pa and new profit $14m pa. At 25c the current MC is just $9mso...
Anyway, I'm in but would appreciate any comments from more experienced aluminium people
good investor presentation today this is a stock to be on!
started making money and not looking to dilute shareholders growth
prospects also exist and good for ethical investing as they are reducing landfill in treating aluminium slag
Many will be seeing this price action and looking back and thinking why didnt I buy then ?
MHM has great great potential and is no one trick pony with Aluminium, gold and Silca projects progressing.
Low share issue and now a profitable company with deals soon to be signed.
Enjoy the ride !!!!!
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