It is a fair point you bring up about the funds returned propping them up for the quarter. In regards to the final part of your recent post, the 2nd logical explanation must ring true. In the world of business, there would be an extremely small percentage of millionaires who are idiots - and as such an idiot wouldn't remain a millionaire for very long (thinking of you Mr. Tinkler). The rest have made their millions by making astute business decisions and seeing value in areas where others may not. The report says a complete review of operations and management was initiated by the major shareholders, so these guys aren't sitting by hoping for the best, they are actively pursuing their investment so the dollars can start rolling in.
The issues being encountered on their gold and copper production circuits are being attended to and I'm sure measures are being put in place so these problems won't happen again. It rightly seems that MIZ is focussing on ironing out the kinks and making sure their plant can run at maximum capacity before they focus more on exploring and mining their tenements. Once they are able to focus less on third party deals (whose quality, quantity and steady supply seems dodgy at best) and more on supplying themselves then I believe we'll be seeing the value of MIZ rise significantly. This of course will take time, but all spec stocks are a punt with time being the main factor in all. MIZ stands out to me as they already have the necessary 'equipment' - resources and processing facilities - they just need to get their game in order.
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It is a fair point you bring up about the funds returned...
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Last
49.5¢ |
Change
0.010(2.06%) |
Mkt cap ! $81.34M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 47.0¢ | $567.8K | 1.157M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 39277 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3874 | 0.425 |
1 | 2150 | 0.410 |
1 | 62780 | 0.405 |
1 | 4999 | 0.400 |
1 | 10000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 44298 | 1 |
0.450 | 150126 | 6 |
0.460 | 10343 | 2 |
0.475 | 1920 | 1 |
0.480 | 18292 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
TTM (ASX) Chart |