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erichmj
Posted on: Dec 30 2012, 02:56 PM


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erichmj
Posted on: Sep 12 2012, 02:10 PM


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Imo, continue production during this period indicate that the technology is working, but the problem MHM had here is the equipment in Geelong. And the review could be to determine if they should sell the existing equipments then replace with new one or?
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erichmj
Posted on: Jul 8 2012, 07:00 PM


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erichmj
Posted on: Jun 28 2012, 03:19 AM


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erichmj
Posted on: May 28 2012, 10:29 PM


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erichmj
Posted on: May 12 2012, 03:57 PM


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erichmj
Posted on: May 3 2012, 07:49 PM


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erichmj
Posted on: May 2 2012, 11:49 PM


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erichmj
Posted on: May 1 2012, 09:16 PM


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I'm buying at current level
chart has upside gap at 65c to be filled
so short term it can make 30% gain from 50c to 65c
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erichmj
Posted on: Mar 3 2012, 10:45 AM


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erichmj
Posted on: Mar 3 2012, 10:44 AM


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erichmj
Posted on: Mar 3 2012, 10:42 AM


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erichmj
Posted on: Mar 3 2012, 10:41 AM


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erichmj
Posted on: Mar 2 2012, 10:50 AM


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very quiet today
recent trading suggest that it still wants to fil that 84c gap, imo
unless buyer(s) push it up
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erichmj
Posted on: Feb 28 2012, 02:26 PM


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Frank bought 27,000 MHM shares at average 90cps last Friday
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erichmj
Posted on: Feb 27 2012, 01:57 PM


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daily chart 24/2/2012

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erichmj
Posted on: Feb 27 2012, 01:54 PM


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daily low 13c = 195ema
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erichmj
Posted on: Feb 27 2012, 01:52 PM


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unless we close near daily high, otherwise it should fill the gap, imo
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erichmj
Posted on: Feb 24 2012, 01:46 PM


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targeting $1.385, imo
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erichmj
Posted on: Feb 16 2012, 02:55 PM


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finally that 76.5c gap is closed now
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erichmj
Posted on: Feb 16 2012, 09:10 AM


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from stock scan yesterday
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erichmj
Posted on: Feb 16 2012, 09:09 AM


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erichmj
Posted on: Feb 16 2012, 09:08 AM


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bullish harami cross yesterday
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erichmj
Posted on: Feb 16 2012, 09:06 AM


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just hit 14.5c this morning
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erichmj
Posted on: Feb 16 2012, 09:05 AM


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erichmj
Posted on: Feb 14 2012, 08:14 PM


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note the MFI
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erichmj
Posted on: Feb 14 2012, 10:24 AM


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have you notice that 250k sell order at 21c? it appeared on 20.5c pre-open this morning, don't know if it has been sold/bought or removed
but it seems someone doesn't want it to move higher, imo
might the 20c gap closed today or tomorrow
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erichmj
Posted on: Feb 13 2012, 07:36 PM


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looking for a rebound from lower pf, imo
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erichmj
Posted on: Feb 13 2012, 07:32 PM


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erichmj
Posted on: Feb 13 2012, 07:30 PM


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erichmj
Posted on: Feb 11 2012, 11:03 AM


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erichmj
Posted on: Feb 11 2012, 10:50 AM


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erichmj
Posted on: Feb 10 2012, 08:19 PM


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from my stock scan today
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erichmj
Posted on: Feb 10 2012, 08:19 PM


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from my stock scan today
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erichmj
Posted on: Feb 10 2012, 08:18 PM


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from my stock scan today
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erichmj
Posted on: Feb 10 2012, 08:17 PM


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from stock scan result
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erichmj
Posted on: Feb 10 2012, 08:15 PM


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not sure about the 20.5c gap, but if the 23c support doesn't hold then I think the gap is likely to be closed.


atm it's riding the upper bollinger band, imo
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erichmj
Posted on: Feb 10 2012, 08:12 PM


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erichmj
Posted on: Feb 10 2012, 07:07 PM


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erichmj
Posted on: Feb 10 2012, 06:57 PM


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Aluminum Preferred Over Copper for Cables Helps Rusal, Alcoa: Commodities

Copper has climbed to almost four times the price of aluminum, a record ratio that’s accelerating a switch by manufacturers to using the cheaper metal in electric cables and wires, a United Co. Rusal executive said.
Demand for copper is shrinking by about 400,000 tons a year through substitution, or 2 percent of global use, according to Oleg Mukhamedshin, deputy chief executive officer of Rusal, the world’s largest aluminum producer, who cited market data the company uses in its forecasts.
“More than half of this loss is to aluminum,” Mukhamedshin said in an interview in Moscow. “With copper prices at a record, further substitution is expected.”
The shift is helping the silver-colored metal rise this year after its average price slid 7 percent since 2006. That should increase revenue for producers from Rusal to Alcoa Inc (AA)., the largest U.S. producer, in the $100 billion market for the material used in aircraft, building materials and beer cans.
The current aluminum price is below the cost of production for about 30 percent of the world’s producers, according to Rusal’s data. Alcoa, Rio Tinto Group and their global competitors are cutting production after aluminum prices declined almost 30 percent by the middle of December to $1,962 a ton from the peak of $2,797 a ton in May. Alcoa reported its first loss in two years in January, while Rusal said it may cut 6 percent of its output in 18 months.
The price of copper, half of which is used in wiring, has more than doubled since 2005 to $8,300 a ton and is more profitable for its producers, while aluminum has remained at about $2,200 a ton in the period.

Aluminum Surplus
“Aluminum supply will be in surplus of about 500,000 tons this year, meaning that even relatively small additional demand from the markets, which were traditionally for copper, may support light-metal prices,” Dmitry Smolin, an Uralsib Capital analyst said.
Copper may be in deficit of 160,000 tons this year, which will also be helpful for substitution, which may take place not only in wiring, but also in production of equipment for cars, he said.
London Metal Exchange aluminum forward contracts show that traders forecast the aluminum price to reach $2,530 per ton by the middle of 2015 and $2,900 in a decade. Copper forwards show the opposite trend, with the prices starting to fall by the end of the third quarter of 2013 after reaching $8,500 per ton. Copper may fall to $7,600 per ton in a decade, forwards show.
The ratio of copper’s price to aluminum has jumped to 3.7 from 1 in 1987, tempting customers to switch to the cheaper material, Danemar said.

Copper’s Properties
Copper is at least 65 percent more effective than aluminum in three key properties: electrical conductivity, thermal conductivity and ductility, according to Deutsche Bank. This implies that copper should cost 1.65 times more than aluminum. When that ratio climbs to 2-to-1, an economic incentive to substitute copper with aluminum arises, according to the bank.
About 3 million tons of annual copper demand has been switched to substitutes including plastics, fiber optic and aluminum in 2004 to 2011, according to the estimates of International Copper Association and Deutsche Bank.
“Despite the copper-aluminum ratio rising, the rate of substitution declined post-2007, as most easy-to-accomplish applications have been converted,” Deutsche Bank said in a report last month. Still, there is room to replace copper with aluminum for high-voltage cables and low-voltage use in commercial property and building cladding, according to Alcoa.

Power Lines
Rusal is testing an aluminum-zirconium alloy to provide a substitution to copper in construction of power transmission lines, Mukhamedshin said. The new product will allow the lines to be more resistant to weather conditions, such as low temperatures and heavy snowfalls, he said. The demand may come from Russia’s Siberia and the U.S. which needs to modernize its power grids, Mukhamedshin said.
Even so, analysts are cautious about forecasting a quick comeback.
“Aluminum is plagued by oversupply and we forecast that 2012 will see the sixth consecutive year of supply surplus,” Royal Bank of Scotland said in a report last month. Meanwhile, the copper market “remains in firm supply deficit and it is hard to see this changing within the next one to two years.”
The metal “remains around its cheapest relative to copper in decades,” Nick “Metals” Moore, head of commodity research at Royal Bank of Scotland, said in a report last month. “Consumers have, where possible, been substituting away from copper to aluminum in certain applications such as heat exchangers, cabling and solar panel tubing.”
Vladimir Zhukov, head of the Russian equity research team at HSBC Holdings Plc, said the copper market “is not in danger.” China, the largest consumer of both metals, is still a pure exporter of aluminum, while importing copper, he said.
“It is true that there is space for additional demand for aluminum as a copper substitute, but due to its qualities, the light metal still can’t replace copper in some applications,” Zhukov said.

http://www.bloomberg.com/news/2012-02-07/a...ommodities.html
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erichmj
Posted on: Feb 10 2012, 06:56 PM


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erichmj
Posted on: Feb 10 2012, 06:47 PM


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erichmj
Posted on: Feb 10 2012, 06:39 PM


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erichmj
Posted on: Feb 10 2012, 06:29 PM


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erichmj
Posted on: Feb 10 2012, 06:29 PM


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erichmj
Posted on: Feb 9 2012, 08:21 PM


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Total outstanding LCY shares
579,783,502
536,841,606 (after share buy back at $nil cost)
Total options
~220m

Total tradable LCY shares 134m approx. (excludes holdings from NMDC, directors and other top20 holders)

Cash: ~$19m
Available loan: $200m (awaiting for confirmation)


Mt Bevan valuation
2.26Bt @ 27.58% Fe (cut-off rate 15%)
$0.48/t of contained iron
60% interest of this project gives LCY value of $179.513m



Note: Eastern BIF hasn't been drilled yet.

Hamersley Project valuation
$0.6m

Robertson Range Project Iron ore + Manganese
$1.46m

South Laverton project
$5.54m

East Kimberley project
$0.48m

50% of Wonarah Phosphate project
$??m

min. 50% of coking coal project
$??m

Ridley Iron Ore project
$??m


overall valuation: $187.613m or $0.325 per share before share buy back or $0.35 per share after share buy back

even we half the valuation of Mt Bevan project as LCY hasn't earn the 60% interest yet, it's still $0.17-$0.18 per share.
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erichmj
Posted on: Feb 9 2012, 08:14 PM


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UEQ came out from my stock scan today
volume has increased
break and close above s.t. resistance 4.8c
should see it run to 6c if momentum continues, imo
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erichmj
Posted on: Feb 9 2012, 08:12 PM


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looks like it will break above 3.8c this time
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erichmj
Posted on: Feb 9 2012, 08:11 PM


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afr came out from my stock scan today
closed above long term EMA (195ema)
this should start a new uptrend, imo
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erichmj
Posted on: Feb 9 2012, 07:35 PM


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looks like the gap would be filled today but it has failed again
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erichmj
Posted on: Feb 9 2012, 07:29 PM


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erichmj
Posted on: Feb 9 2012, 07:22 PM


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erichmj
Posted on: Feb 9 2012, 07:09 PM


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erichmj
Posted on: Feb 9 2012, 07:09 PM


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erichmj
Posted on: Feb 2 2012, 01:54 PM


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sle,

it's top secret biggrin.gif , imo
it can only be good news and we will know shortly I hope.
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erichmj
Posted on: Feb 1 2012, 10:07 PM


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17.5c and 16.5c
two support before 15c
since 16.5c was resistance before I say it should hold above it
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erichmj
Posted on: Feb 1 2012, 07:24 PM


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is this the article you read before?
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erichmj
Posted on: Feb 1 2012, 07:21 PM


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Plan for $500m super smelter

SUE NEALES
September 30, 2009 04:00am
A $500 MILLION silicon smelter to make the building blocks for solar panels may be built between Wynyard and Stanley.

Tasmanian Treasurer Michael Aird and Australia's senior trade commissioner to Germany met top executives from multinational chemical giant Wacker last week in Munich to discuss the project.
Under the proposal, Wacker Chemie Ag would build a silicon refinery at the Port Latta industrial site near Stanley, next to the existing Grange Resources iron magnetite pellet plant.

The plant would be the biggest silicon refinery in Australia, producing a much more sophisticated silicon metal product than the other major refinery in Western Australia.

Tasmania is attractive to Wacker -- one of the world's largest specialist silicon companies -- because of its rich untapped reserves of high grade 99 per cent pure silica, water for cooling, renewable energy from both wind and hydro-electric sources and natural gas to power its high-temperature furnaces.

Circular Head mayor Daryl Quilliam confirmed yesterday Wacker representatives had visited the region "two or three times" recently to canvass their silicon project with locals.

He said council staff had met with Wacker to discuss its key needs in building a new hi-tech silicon refinery at Port Latta.

"Wacker has talked with the council. Our reaction is that any development like this is very important to us and that we will do whatever we can to make sure we get this refinery project for Circular Head," Mr Quilliam said.

Mr Quilliam said discussions had focused on getting the silica from the Marrawah and Arthur River area, where it would be mined, to the proposed Port Latta smelter using existing road and rail options.

The proposed refinery would turn high-grade silica into pure silicon.

The thin sheets of polysilicon wafers produced would be exported to be made into photovoltaic cells to supply the fast-growing demand for solar energy panels in China and Asia.

Refined silicon can also be used in the Liquid Crystal Display (LCD) screens of computers and TVs, in the manufacture of fibre-optic cables to carry high-speed broadband telecommunications and to make silicon chips that power computers.

Mr Aird, who spent $50,000 last week on a taxpayer-funded trip to Europe to talk to the Wacker board, has said the project would provide "hundreds of jobs".

He refused to discuss the project yesterday, despite being asked to confirm in Parliament that his mystery "manufacturing plant" mooted for the North-West Coast was a silicon mine and refinery.

He said discussions between the Government and the unnamed company were still "very sensitive", with the proponent still looking at two other locations.

"There are commercial-in-confidence reasons for the company not wanting to canvass the issues at this stage," Mr Aird said.

Greens leader Nick McKim had asked Mr Aird to confirm the "open secret" that the foreign investment project was a silicon refinery. Mr McKim demanded to know if a value-adding manufacturing plant would be part of any industrial smelter.

He also asked what incentives the Government was promising Wacker, if heavily discounted electricity prices were part of the package and where the timber needed in the chemical process to convert silica to silicon using charcoal was to be sourced.

"This may well be a good project which Tasmanians can be proud of, but can you provide an assurance that this will not be yet another divisive proposal which will rip the Tasmanian community apart, as Gunns Limited's pulp mill has," Mr McKim asked.

Wacker wants the Tasmanian and Australia governments to provide it with incentives before it makes a final decision.

Mr Aird met last week with federal Industry Minister Kim Carr in Melbourne to discuss a support package.

He said federal and state assistance would focus on the provision of infrastructure such as roads, rail and port facilities, and on skills training.

http://www.themercury.com.au/article/2009/...mania-news.html
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erichmj
Posted on: Feb 1 2012, 11:16 AM


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Mt Bevan JORC upgrade should be out anytime now.
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erichmj
Posted on: Feb 1 2012, 11:09 AM


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QUOTE
The Silica project certainly appears to have wings! You can probably add another 30 or so cents to the share price if this materialises imo!


I think the silica potential has not factor into our share price, correct?

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erichmj
Posted on: Feb 1 2012, 11:05 AM


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January 2012 Top40


MHM


MHMO
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erichmj
Posted on: Feb 1 2012, 12:13 AM


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erichmj
Posted on: Feb 1 2012, 12:00 AM


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first chart on this forum

closed on 85c s/r line
harami cross pattern
85c+ close tomorrow should see it break the downward pf
atm, chart shows good buying around 82c but need to be patient
,imo
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erichmj
Posted on: Jan 31 2012, 11:55 PM


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QUOTE
Couple of questions, is AL80 clear for export ?

yes. please see quarterly report, first shipment end of February

QUOTE
How much a ton do you think al80 is worth? Did see a mention of $236 as I remember.

worth between $50-$300/t
no one knows how much they get for al80 but should be around $200/t mark
I did some calculation before got $246/t

QUOTE
Also with the roll out of the plants in America I notice that if any of the contracts become
common knowledge they can be cancelled

the reason behind it is because before MHM build the first US plant and ready to process salt slag and dross
that these aluminium companies still need to land fill, if the land fill owner knows which of their clients are about
to leave them, they may refuse them to land fill while MHM still in construction stage.
But in long run, they will still sign contracts with MHM as this is the only solution to them now.
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erichmj
Posted on: Jan 31 2012, 11:41 PM


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QUOTE
Not sure if I`m correct ...but I do recall MHM Metals saying that ALL $$$ from ALCOA will be 3 months behind from {about 6 months ago}


yes, 90days payment term, but it would only affect the first quarter when it begun the term as you will receive the payment from last quarter in the current quarter

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erichmj
Posted on: Jan 31 2012, 01:19 AM


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QUOTE
now for a while now, all good, looking forward to the next 1/4 report as the $$$ will be up big time....

that's for sure, imo
al80 revenue should start to come in this quarter, min. 1,500t per month but no upper limit so that end of February shipment may contains more than 1,500t of al80
therefore maybe this quarter the profit would be up a bit, and next (June) quarter will be able to show us $8.6m/4 profit.

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