has an “underperform” on Flinders Mines (FMS) and a price target of 1¢.
“We struggle to see how FMS secures funding for its mine and port development for the PIOP [Pilbara Iron Ore Project] in the current iron ore price environment.
“Furthermore, the quality of the resource is well below benchmark both in terms of grade and impurity levels and remains a key risk to the project.”
Macquarie Struggled with Flinders Mines AFR
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Last
77.0¢ |
Change
-0.035(4.35%) |
Mkt cap ! $159.8M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 76.5¢ | $4.101K | 5.275K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2211 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.5¢ | 7128 | 1 |
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| Last trade - 12.14pm 29/07/2024 (20 minute delay) ? |
| RHK (ASX) Chart |