Metro Mining's Stock Can Soar After Balance Sheet Concerns Disappear -- Market Talk

Dow Jones

Nov 29, 2024

2142 GMT - With Metro Mining's balance sheet concerns now gone, Shaw & Partners expects the stock to soar. Metro Mining has successfully restructured its Nebari debt and royalty facilities. Nebari agreed to convert the royalty into a senior debt tranche, reduce the interest rate by 2% and extend the first amortization date to July 2025. Analyst Andrew Hines says this removes near-term funding pressure and eliminates the expensive royalty. At the same time, bauxite prices are hitting record highs due to supply constraints from Guinea and China. "Although the stock is up 150% this year, we are surprised that Metro hasn't been even stronger given the bauxite/alumina price moves," Shaw says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 28, 2024 16:42 ET (21:42 GMT)

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Metro Mining has successfully restructured its Nebari debt and royalty facilities. Nebari agreed to convert the royalty into a senior debt tranche, reduce the interest rate by 2% and extend the first amortization date to July 2025. Analyst Andrew Hines says this removes near-term funding pressure and eliminates the expensive royalty. At the same time, bauxite prices are hitting record highs due to supply constraints from Guinea and China. \"Although the stock is up 150% this year, we are surprised that Metro hasn't been even stronger given the bauxite/alumina price moves,\" Shaw says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 28, 2024 16:42 ET (21:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Metro Mining's Stock Can Soar After Balance Sheet Concerns Disappear -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetro Mining's Stock Can Soar After Balance Sheet Concerns Disappear -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-29 05:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2142 GMT - With Metro Mining's balance sheet concerns now gone, Shaw &amp; Partners expects the stock to soar. Metro Mining has successfully restructured its Nebari debt and royalty facilities. Nebari agreed to convert the royalty into a senior debt tranche, reduce the interest rate by 2% and extend the first amortization date to July 2025. Analyst Andrew Hines says this removes near-term funding pressure and eliminates the expensive royalty. At the same time, bauxite prices are hitting record highs due to supply constraints from Guinea and China. \"Although the stock is up 150% this year, we are surprised that Metro hasn't been even stronger given the bauxite/alumina price moves,\" Shaw says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 28, 2024 16:42 ET (21:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"M01.SI","symbol_name":"美罗","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2487326591","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487326591","pubTimestamp":1732830120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2142 GMT - With Metro Mining's balance sheet concerns now gone, Shaw & Partners expects the stock to soar. Metro Mining has successfully restructured its Nebari debt and royalty facilities. Nebari agreed to convert the royalty into a senior debt tranche, reduce the interest rate by 2% and extend the first amortization date to July 2025. Analyst Andrew Hines says this removes near-term funding pressure and eliminates the expensive royalty. At the same time, bauxite prices are hitting record highs due to supply constraints from Guinea and China. \"Although the stock is up 150% this year, we are surprised that Metro hasn't been even stronger given the bauxite/alumina price moves,\" Shaw says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"M01.SI":"美罗","MMI.AU":"METRO MINING LTD","BK7081":"铝"},"translate_title":"资产负债表担忧消失后，Metro Mining的股价可能飙升——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MMI.AU":0.9,"M01.SI":1},"content_text":"2142 GMT - With Metro Mining's balance sheet concerns now gone, Shaw & Partners expects the stock to soar. Metro Mining has successfully restructured its Nebari debt and royalty facilities. Nebari agreed to convert the royalty into a senior debt tranche, reduce the interest rate by 2% and extend the first amortization date to July 2025. Analyst Andrew Hines says this removes near-term funding pressure and eliminates the expensive royalty. At the same time, bauxite prices are hitting record highs due to supply constraints from Guinea and China. \"Although the stock is up 150% this year, we are surprised that Metro hasn't been even stronger given the bauxite/alumina price moves,\" Shaw says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 28, 2024 16:42 ET (21:42 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}