Sag,
I think your view on the slow performance of GWR is WRONG. The only way for the project to make money is to have a railway. The capital cost of going into production in a small way far exceeds any benefit.
GWR now has the 2nd largest hematite resource in the midwest, which it has achieved at a pace far exceeding any other company in the midwest.
GWR has aligned its self with Yilgarn infrastructure, who have a letter of credit from the chineese development bank to build the railroad. All that is required is government approval which is clearly out of GWR's control.
GWR has approx $40 million in the bank and as such is well placed to continue to develop the project. GWR has recently appointed David Rose as CEO, who formerly was a senior executive with Rio Tinto Iron.
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Last
8.5¢ |
Change
0.007(8.97%) |
Mkt cap ! $27.30M |
Open | High | Low | Value | Volume |
7.8¢ | 9.0¢ | 7.2¢ | $29.94K | 383.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40313 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40313 | 0.085 |
1 | 100000 | 0.077 |
1 | 131578 | 0.076 |
1 | 20000 | 0.075 |
1 | 41666 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 30000 | 1 |
0.094 | 1250 | 1 |
0.100 | 29000 | 1 |
0.105 | 25001 | 1 |
0.110 | 435659 | 3 |
Last trade - 15.58pm 09/07/2024 (20 minute delay) ? |
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