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MTU at 0.31 cents is thin territory. The industrials play hasn't fired on all cylinders, and at these levels you're betting on either a turnaround story or dead money unless management delivers something tangible on revenue or margins.
Chrome and PGM exposure at R0.30 is almost giving it away when you look at langpan's footprint in limpopo. lot of noise around capex and execution but if they get the processing plant running properly, risk reward is very compelling from here ngl.
MTU playing like the Bulls in the second half, all potential no points
chrome play sitting at R0.30 is basically free money if langpan gets any traction. platinum upside is there too. comparable juniors trading way higher on less. LFG
MTU's 16% pop today is intriguing but I need to see what drove it. At 29c the micro-cap industrials play is cheap enough, but without revenue traction or a clear catalysts roadmap, this feels more like punter enthusiasm than fundamental repricing.
MTU getting hammered down to 25c, that's a proper kick in the teeth and I need to see what spooked the market before touching this one.
Langpan's chrome processing margins were solid in the last update, fwiw. At R0.30 the market's basically pricing in zero upside from the platinum rights, which could be wrong but that's the bet you're making. Small cap with real assets in the ground, not a shell. Long hold if you believe in PGM recovery.
chrome play at R0.30 is cheap if langpan actually gets into production, but management's been quiet on capex timelines and that's worrying me. platinum upside is real but execution risk is massive with load-shedding and rand weakness eating into margins.
MTU down 5.88% to 32c, bit rough but industrials are taking a hiding today. Compared to Hudaco sitting around 90c with decent dividend cover, MTU's trading at a discount that might be worth exploring if they can stabilize earnings.
MTU down 13% in a day feels overdone for an industrial play with decent fundamentals underneath. Panic selling like this usually creates a proper entry point if the business hasn't actually deteriorated.
Chrome exposure is decent if you believe in the cycle turning, but the balance sheet is what worries me. Cash burn has been real and those mining rights on Langpan need actual capex to unlock value. Not a screaming buy at R0.32 but if they get a funding round done and actually ramp production, could re-rate hard. Good day to top up if you're patient.
Chrome exposure is lekker right now with the rand weak, but MTU's execution track record is the thing hey. Plant's been sitting there, need to see actual production numbers and cash flow before jumping in at R0.32. Langpan's got the rights, just not convinced yet they'll make it work.
Chrome and PGM assets in Limpopo, R0.32 close, and people are worried about pre-revenue. Amazon was pre-revenue once, Palantir was pre-revenue, look where they are now. We've got the mining rights, we've got the processing plant on the Langpan, this isn't some shell with a dream. Long game here, not a quick flip.
chrome plays always print when commodity cycles turn. langpan sitting on decent reserves and processing already running, just needs volume to move. at 0.32 this is basically free money if they can ramp production. R150 minimum, mark it
Chrome and PGMs in the ground, processing plant operational, and we're sitting at R0.32. Langpan farm is properly secured. People sleeping on the upside when commodities cycle back, ngl this is exactly where you want to be before the big boys start moving.
chrome and platinum on 17km in limpopo sounds decent on paper but at r0.32 you're basically betting the langpan plant actually produces cash, which ja, hasn't exactly been raining down. industrials are messy when commodity cycles turn and load-shedding keeps biting.
Chrome cycle is brutal but Langpan's got actual mining rights and a processing plant, not just hopes. Most juniors in this space are pure spec, MTU's got tangible assets. At R0.32 you're pricing in a lot of fear. Long-term view hasn't changed, come back in 6 months.
Current R 0,21 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.