major risk now to MYG is macro ie the continued devaluation of the USD relative to the increase in POG given MYGs profits are anchored in POG/AUD.
Given the issues in the US, one would expect more weakness in USD which will put further downward pressure on POG/AUD.
I don't know what the magic POG/AUD level is to make deflector economical - I suspect current price of 1480 AUD still has massive contingency but with all signs pointing to further USD weakness, I think the market is worried which is reflecive of the dissapointing buying support for MYG.
I know production is at least a year off - I wonder whether we can/should be hedging POG/AUD now to future customers (assuming they would want to) to provide some certainty when production begins.
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Last
77.0¢ |
Change
0.020(2.67%) |
Mkt cap ! $70.43M |
Open | High | Low | Value | Volume |
77.0¢ | 77.0¢ | 77.0¢ | $3 | 4 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 75.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
77.0¢ | 10296 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.755 |
1 | 1985 | 0.750 |
1 | 6295 | 0.745 |
1 | 5000 | 0.735 |
1 | 1300 | 0.730 |
Price($) | Vol. | No. |
---|---|---|
0.770 | 10296 | 1 |
0.800 | 5000 | 1 |
0.805 | 3218 | 1 |
0.885 | 14128 | 1 |
0.940 | 11112 | 2 |
Last trade - 13.00pm 10/09/2024 (20 minute delay) ? |
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