I didn’t purchase this for a quick sale. I intent to watch the company grow and pay dividends at some stage. I have long term price targets of 75c plus. Which still values the company at $360M. But things need to happen first. An acquisition, bolt on or merger to extent the LOM and hopefully an iron ore price that stays relatively above US $100/tonne.
They have got their costs(C1) down to $82 -88/tAussie therefore $65 US/t. So the price really needs to crash to upset this company. I don’t see this happening for atleast another 2-3 years.
Chart, page-972
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.5¢ | $35.16K | 131.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1287728 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 202590 | 2 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |