The cash backing won’t rise quarter on quarter any time soon. Not sure what gave you that impression but I’d look at your research methodology if that’s the conclusion you reached.
First, they aren’t mining at the moment. Operation suspended due to the IO price. Second, they actually made a significant loss (~9M) last quarter even though IO was still high for a good part of the quarter.
Roughly speaking (going on the returns last quarter) I estimate that they need IO to be at least $150 - $160 USD (62%) to make this operation worthwhile (ie making a good enough profit to justify itself, not just barely keeping the lights on).
Check back whenever (or if) that happens.
- Forums
- ASX - By Stock
- GWR
- Another ship lining up tomorrow
Another ship lining up tomorrow, page-99
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GWR (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.33M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13888 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 222680 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13888 | 0.072 |
2 | 70000 | 0.071 |
2 | 139285 | 0.070 |
1 | 50000 | 0.060 |
1 | 24414 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 222680 | 1 |
0.082 | 5000 | 1 |
0.085 | 200000 | 1 |
0.090 | 2315 | 1 |
0.095 | 107746 | 1 |
Last trade - 16.12pm 14/08/2024 (20 minute delay) ? |
Featured News
GWR (ASX) Chart |
Day chart unavailable