ESS = Essentially Shite Stonks, that's what the market is implying the past 50-days.
ESS (maybe should call it ASS?) is essentially worth less than zero, dragging the ship down, everyone got to take it from where the sun don't shine.If there was no ESS, then maybe SP might be less volatile. But if no ESS, then maybe no Mt Marion contract either.
If Uncle Chris likes what he sees, who knows he might just buy the lot NWE style?
Cu - WL debt funding is unlikely to move the needle IMO. The Cu price is nowhere near the price deck forecast in the mine plan (Spot 8300 vs 9500 modeled).
Contracting - staff shortages should be abating due to sector layoffs. If they are not bringing any mines online then will they take on more work - they turned down 13 contracts supposedly? Would be hard to hang on to good people if there is nothing to mine after 36-months?
Nobody said it was easy going to the moon. It took 50-days to get this down to $2, but might only take 5-days to get it back up to $4.
DVP Technical Analysis, page-1881
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Last
$2.22 |
Change
0.030(1.37%) |
Mkt cap ! $579.3M | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.28 | $2.18 | $2.325M | 1.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 6872 | $2.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 10906 | 13 |
View Market Depth
| Last trade - 15.54pm 27/08/2024 (20 minute delay) ? |
| DVP (ASX) Chart |