Well initially after options expiry I thought it was a hold but I was pretty stunned to find out TRF had held the stock up into expiry. Someone had said they were warned on that type of manipulation in the past so I thought they would steer clear. I guess the difference this time was it was actually their own stock. Even if in substance the same.
A bit tempted to buy now benaud. There's a lot of cheap stuff about though. You can get funded projects at a third of NAV on in the goldies.
I wont seriously look at IFE until we see new project costs and funding. I can understand though that they are waiting to confirm port costs before providing them now.
Ideally for me I'd probably buy on another dip if they announce project costs way higher than market expects. That's only one possibility though.
With the crazy macro risks right now, I also have a bit of a problem with limited knowledge of iron ore markets. Whatever happens IFE will be reasonably high cost and a dip in ore will derail the whole thing anyway. I guess that's why debt finance has been tricky. Still, it seems the shorter term risk with iron ore prices is not as high with most other commodities.
Best of luck in these dreadful times. Liquidity is becoming new risk. I see today markets are disappearing all together intermittently on some of the stocks I follow.
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Last
0.5¢ |
Change
0.001(11.1%) |
Mkt cap ! $16.43M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $2K | 400.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 7932586 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 13143292 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 7932586 | 0.004 |
12 | 7140758 | 0.003 |
8 | 6838897 | 0.002 |
8 | 17588888 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 13143292 | 24 |
0.006 | 4565567 | 8 |
0.007 | 1783500 | 4 |
0.008 | 1372154 | 5 |
0.009 | 18962 | 1 |
Last trade - 10.09am 07/10/2024 (20 minute delay) ? |
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