Your right piechart and you even mention the next few years for indo supply. However, companies are looking out past that and looking for supply for 2027 onwards, IMO.
Everyone has different investment time line requirements. If you invest in srl you need to be long and looking at 3 to 4 years for production, IMO. I believe this stock is a dividend provider, so I'm holding.
But the sp will be rerated hard when a decision to build is done. And my guess is it is this year to meet 2027 supply requirements. Yes it is taking alot longer than we all like. Im shore the AGM will be interesting if no announcements before hand. The pressure will be on Sam.
While the price is down due to tax sell off time for ASX, accumulators are chipping away as they have had time on their side. Painful to watch.
Who is SAM RIGGALL?, page-112
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Last
38.5¢ |
Change
-0.025(6.10%) |
Mkt cap ! $34.73M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.5¢ | $11.50K | 29.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14870 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 9879 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |