Its definitely the drop in Iron Ore. $220 to $160. Having said that the AUD is back below USD$0.74 which would be a tailwind for us. Also production levels from mining area C will continue to ramp up.
I think the market is still hesitant given its a pure royalty play. I think its interesting buying at these prices if you are happy with a solid +5% div yield into the future.
Deterra dropping, page-4
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Last
$4.01 |
Change
-0.010(0.25%) |
Mkt cap ! $2.119B | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.02 | $3.93 | $7.324M | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26870 | $4.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 48080 | 7 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| DRR (ASX) Chart |