My thinking was that the sudden upswing in price back in July seemed like a true turn in sentiment that was leading to the market repricing of the stock given improving coking coal fundamentals. Unfortunately, that upswing was short-lived. The market seemed fixated on the huge H1 earnings number, not realizing that the vast majority of the earnings was extraordinary and non-recurring.
I didn't anticipate such a poor earnings report, however, with no cash generation or shareholder value creation, and negative operating leverage. Given how poorly I view MMC's management team, the terrible numbers shouldn't have come as such a surprise (since they've been overpromising and putting up poor numbers for years).
I'm likely to sit on my hands for the remainder of this year. All bets are off in 2018, however, feast or famine.
Recent MOGLF News
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 09/13/2024 01:20:33 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 09/13/2024 12:43:54 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/30/2024 03:01:19 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/27/2024 02:02:14 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/26/2024 02:34:20 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/20/2024 07:36:28 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/19/2024 08:17:02 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 08/13/2024 01:04:46 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/07/2024 04:20:47 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 08/06/2024 08:17:05 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/05/2024 10:43:23 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/05/2024 03:32:43 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/02/2024 05:39:42 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/02/2024 03:03:38 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/17/2024 03:21:57 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/16/2024 08:55:26 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/11/2024 05:29:55 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/11/2024 05:28:53 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 07/08/2024 06:05:52 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/08/2024 06:00:35 PM
- Form F-6 - Registration of American Depository Receipt shares, not immediately effective • Edgar (US Regulatory) • 07/08/2024 05:26:32 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 03/05/2024 05:56:16 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 02/22/2024 08:45:06 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 02/14/2024 04:04:51 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 02/06/2024 09:24:28 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
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Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM