- Joined
- 30 June 2008
- Posts
- 15,584
- Reactions
- 7,463
i believe this is the best growth story on the ASX
in laymans terms
MHM take salt slag out of landfill and process it for a tidy profit
where do you find salt slag - in landfill anywhere in the world that smelters Aluminium
quarterly states expec first plant in US in 2012 processing 200-250 thousand tonnes per year from one plant.
READ THE QUARTERLY it does not disappoint
lots of news due soon
the growth story is that you can build a plant anywhere that salt slag exists
current market cap around 140 million
not unrealistic to see market cap at higher levels
aiming to enter ASX300 this year.
disc. i hold and will continue to hold
I have gone all in here and just outside the top 20. No better stock on the ASX will go up or have potential to go up as this one. This stock is the only one I own.
Look forward to the news flow soon.
SKC,
Thanks for worrying about me. I put all my profits from SDL into MHM.
I am well aware what I am doing and happy to take the risks.
This stock gives me the greatest chance of making 3 million plus. I did it well with SDL and now happy to roll the lot into MHM.
See link for my theory:
http://www.smh.com.au/business/theres-a-lot-to-be-said-for-a-onestock-portfolio-20110422-1drcp.html
I think Marcus Padleys theory of 1 stock portfolios has got some merit. I know I have kept only a very small number of stocks and at one stage was down to one and doing well. I have diversified basically because I think there are a least a few that offer outstanding potential.
I think MHM is in that bracket.
Sorry for off topic but i think 1 stock is crazy town...making money is so easy when its all spread out and de-risked...all in is exactly what it is, often translates to all or nothing.and on a stock like MHM that's double crazy town...even if you have money to lose your better off just spending it.
Even if i had money to lose, I should spend it? What type of advice is this? Crazy statement.
Yes, I have it to lose, but have set goals to retire before I do spend it.
Diversification does not make you rich, just above average, if your goal is to be in the 1% bracket like mine, you must increase risk to extreme. That I have done, let's see how it plays out now.
Diversification does not make you rich, just above average, if your goal is to be in the 1% bracket like mine, you must increase risk to extreme. That I have done, let's see how it plays out now.
My "crazy " statement was based on you saying "I have it to lose" and my interpretation of that meaning you have over a couple of hundred K in this stock that your willing to lose.
From my perspective of life and money and suffering and where i want to be in a few years...with a couple of hundred K spread across 25 good stocks, averaging in at significant lows...i could guarantee me a nice spot on the Beach at Batu Ferringhi in 5 years time...no problem, no risk.
I'm happy if i end up in the top 35% ~ the money you already have "to lose" is the money i need to retire on...good luck with your punt.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?