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VYS - Vysarn Limited

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Re: MHM - Macquarie Harbour Mining

Big surge on MHM. Up 10c or almost 10%. Perhaps that $3 valuation is starting to look realistic.
 
Re: MHM - Macquarie Harbour Mining

RB Milestone's recommendation of a 3 dollar price target is very well established, if you read their report, it's VERY detailed for what it covers, but only covers the Slat Slag tech (MHM has 2 other recycling techs) and no value is assigned to the mining interests. Even with all those left out, 3 dollars was still reached as the target.

Sidenote: RB Milestone have NEVER exited a share at a loss. Now that's some trading record! Being profitable is one thing, but never having made a loss... Speaks volumes that they are supporting MHM so much with their target!

 
Re: MHM - Macquarie Harbour Mining

ParleVouFrancois said:
Sidenote: RB Milestone have NEVER exited a share at a loss. Now that's some trading record!
Click to expand...

Depends how long they had to hold those shares really. UIf they had to hold 20 years for a 5% gain then its not worth it. Obviously an extrememe example, but win:loss ratio isn't a major thing imo
 
Re: MHM - Macquarie Harbour Mining

the shares are now in trading halt pending announcement of legal agreement re expansion of aluminium division into the US.....Alcoa was visiting MHM in October so will be interesting to see how this pans out. Good luck to holders, it's looking promising.:
 
Re: MHM - Macquarie Harbour Mining

Yeah, a bit scary, turned on computer this morning to find out 2 of my stocks in trading holt, AUT and MHM. We can only speculate but shorely this can only be great news for MHM. This US announcement is the one holders have been waiting for.
Sunny skies ahead IMHO.:iagree:
 
Re: MHM - Macquarie Harbour Mining

See ASX anns today.
Issue of a further 12 mill shares at a dollar to the new US partner, meaning some dilution for existing holders, but MHM will enter into a great partnership, opening up a big US market, with proprietary technology.

My point of view: all good. My only green ink stock today.
 
Re: MHM - Macquarie Harbour Mining

This is one of those stocks that is bound to have further positive annoucements. Company wants to be in ASX300 in a short amount of time. The Directors have done everything right up until now to achieve this.
The market is big in the US and even if they don't get the 100% they aim for, it's significant to them.

The broker valuation at $3 has a 100% record of having companies hit their valuation target, so it's only a matter of time.

Alcoa announcement due out in coming days. This announcement with SSC was a bonus as it was unexpected.
 
Re: MHM - Macquarie Harbour Mining

Chief Wigam said:
..The broker valuation at $3 has a 100% record of having companies hit their valuation target..
Click to expand...
G'day Chief W. If that's the case then it's now going to 3.92. See ASX ann today.

RBM have raised their price target. Currently wading through their 27 page report.
 
Re: MHM - Macquarie Harbour Mining

MHM has to be the best growth stock on the ASX !!!

The size of its possible Aluminium expansions is global and unrivalled which brings in near term cashflows.

The Silica division is also a sleeping giant the management has done a great job of diversifying its assets gold, alumina,silica to name a few !!!

Its going to be a great ride !!!

MHM is my JBH !!!!
 
Re: MHM - Macquarie Harbour Mining

wow...so many exclamation marks, without much justification for them??

are you talking about market cap? no dilution of shares? options?

i don't know much but i was wondering why you think MHM is looking promising.
 
Re: MHM - Macquarie Harbour Mining

Volume behind it today, nothing on ASX anns (yet anyway). Anybody heard anything? Or is it just technical.
 
Re: MHM - Macquarie Harbour Mining

Logique said:
Volume behind it today, nothing on ASX anns (yet anyway). Anybody heard anything? Or is it just technical.
Click to expand...

Council approval for evap ponds eminent however it's yet to be seen how significant that would be to sp. Have been to Alreco and upgrade all finished.
Who knows what the next 6 months will bring?
 
Re: MHM - Macquarie Harbour Mining

quarky said:
i don't know much but i was wondering why you think MHM is looking promising.
Click to expand...

I'll tell you... they have the global rights to a processing technology that turns an environmental hazard for the aluminium recycling industry and turns it into a huge profit.

To calculate earnings use the figure of $430k / tonne of aluminium salt slag processed (derived from recent announcements)

Currently processing 33ktpa in Australia, so earnings are $14m (although MHM only get 60% of that at the moment).

Have just announced a feasibility study to potentially begin processing 90+ktpa for a US company and explore processing for the rest of the US market (1mtpa produced), plus processing existing landfill sites (the current industry solution)

Are in very advanced discussions with Alcoa to become their global partner to process all their waste. Alcoa produce 400ktpa of waste in the US alone.

Market cap is around $180m as of today.

Quite likely that within two years they will be processing 500ktpa = earnings (not revenue) of $215mpa, potentially higher if the company keeps upside in increase of Aluminium price.

This is earnings in perpetuity, so assume a PE of 10 (could be 15-20 with the further upside in global processing) gives a market cap of $2.15b

Oh, plus they have the rights to a technology in development that can increase their revenue by 5 fold.

Oh, plus they have a 500koz gold project in the feasibility stage.

Oh, plus they have a 20 year life silicon project and are in negotiations with potential offtake partners.

Expected upcoming news (pre xmas 2010):
- Council approval for evaporative ponds that will allow the Australian plan to become fully commissioned (a formality)
- Silica and Gold project update
- Visit from US Alcoa execs to view fully operational plant
- Alcoa negotiations update
- Update on current management trip to the USA
- Further detail on US expansion plans
 
Re: MHM - Macquarie Harbour Mining

Hey Assasin, that's handy to have someone who can look in on the operation. Many thanks.

And thanks Tahpot for a great summary. I had increased my weight last month. I view any sp weakness as an opportunity
 
Re: MHM - Macquarie Harbour Mining

MHM has taken a hammering in the past few days. Now in low 90's . Anyway have any ideas on the loss of confidence ? On paper this should be moving up confidently.
 
Re: MHM - Macquarie Harbour Mining

  • Stop Losses getting hit
  • Breaking through $1.00 support from cap. raising
  • Closing the gap in the mid-90's

All technical, nothing fundamental. IMO Great chance to buy (more).
 
Re: MHM - Macquarie Harbour Mining

Just a run of the mill retrace imo, harsher than usual ones given the recent rush by people chasing the 'next hot stock' on the ASX. After they realized that they'd probably have to hold for longer than a year to see any real results from MHM's tech, they sold out. Fundamentally this is stronger than it was at $1.50 (few weeks closer to the biggie, the Alcoa deal). I think we'll trade around these levels and maybe go back up but not much higher than $1.20 without significant news.

 
Re: MHM - Macquarie Harbour Mining

It looks like Ben Mead is off to the US to get the "show on the road".
 
Re: MHM - Macquarie Harbour Mining

MHM have now indicated that their NMP technology has been integrated into their Australian operations, which will further increase the earnings once the plant is fully commissioned. The company has also hinted that a Silica deal may finally be very close.
 
Re: MHM - Macquarie Harbour Mining


We have a new commercial lawyer stated on a Silica transaction... Director now transferred to US to work on FE Study and Alcoa deal for OS expansion.... we valued at below fair value for the one established Plant only... it is currently a steal at this price.

Yet many been awaiting council approval to have Plant 1 earning 18 mil at Full capacity without NMP Tech. Giving an underlying cash flow SP of above $1.2 IMO. Then extreme upside on any expansion news from USA or other. Plus NMP and SPL pilot project updates for further HUGE upside IMO.

Picked to be in the ASX300 by years end... would need to stabilize cashflow above 20M pa and Market Cap be worth over 400M. x4 current value. With 2 OS Plants at a predicted x8 capacity of Aussie Plant. Aussie Plant valued over $1 per share in cash flow only. It is not hard to see an upside over a billion dollars MC in the medium term. Or 10 bagger pick.

Downside seems relatively small and priced in at current values IMO.

Investors growing a little impatient however- nice time to snap up their shares... As I did last year for a nice little earner.

Cheers Jay
 
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