The market cap is now only about $100m. I didn't go to the AGM but was told they reckon they will be approaching production by the end of year with a fairly substantial low-cost project. That alone would be worth a multiple of the current price. They are going to drill a huge anomoly at Goldsworthy before the end fo the year also, which means we will have the happy combination of a blue-sky bet underwritten by near-term production. The directors are claiming they have the pipeline of projects to build a tier two iron ore company, which means they are targeting a $1bn plus company. They certainly have the team to do it. This is why so many people have bought and are holding the stock. If the directors own 25% plus, looking at volumes over the last couple of months, the great majority of this stock must have been mopped up by now.
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The market cap is now only about $100m. I didn't go to the AGM...
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $104.3M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.8¢ | $85.78K | 2.994M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 328493 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 537282 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1063035 | 0.028 |
6 | 5281110 | 0.027 |
4 | 1011383 | 0.026 |
6 | 2089305 | 0.025 |
2 | 41250 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 2080776 | 3 |
0.031 | 794110 | 5 |
0.032 | 425000 | 2 |
0.033 | 55333 | 1 |
0.035 | 113750 | 3 |
Last trade - 11.10am 18/06/2024 (20 minute delay) ? |
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Last
2.9¢ |
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Change
-0.001 ( 3.33 %) |
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Open | High | Low | Volume | ||
3.0¢ | 3.0¢ | 2.8¢ | 2436061 | ||
Last updated 11.29am 18/06/2024 ? |
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