MIO 0.00% 5.4¢ macarthur minerals limited

agm this friday, page-2

  1. 36 Posts.
    TSZ - did you go to the AGM? If so, could you post your thoughts? I am based in the UK so can't go to the AGM lol I am thinking of buying into MIO, the forward PE is only 8.3 and it looks a bit like Hamworthy, a UK stock that did well for me before it was taken over. The debt is a bit high for me - nearly 50% gearing according to reuters - but I suppose they need new ships. I note they have sold 6 old ones for $1.2m and bought 3 new ones, cost not stated. Can you tell me any more about this company?
 
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