There is still a big seller out there - Disgruntled Chinese associate or Regal...quite predictable behavior to punish
new Mgt for wrestling back control.
or similarly, Regal taking a profit as they have to report Qtrly results & selling some will de-risk a tad too.
Seen it all before after 20 years in stockbroking.
So for all the S/T Traders momentum & technicals aren't everything but intrinsic value will be rewarded in time.
This is a very valuable project with a quality Mgt team who have the experience & contacts to pull it off.
You may be surprised in time how well this works out.
The real risk is Capex & this will be addressed by the BFS.
Having said that, $1.4 B is not a huge amount to establish a premium Iron ore producer with lowest percentile costs.
Give it time, patience will be rewarded.
- Forums
- ASX - By Stock
- HIO
- Price is not Value
Price is not Value
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HIO (ASX) to my watchlist
|
|||||
Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $22.36M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $1K | 47.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 617465 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 8000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 617465 | 0.020 |
7 | 1565312 | 0.019 |
3 | 250053 | 0.018 |
5 | 3693057 | 0.017 |
3 | 416800 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 8000 | 1 |
0.022 | 620745 | 5 |
0.023 | 278352 | 4 |
0.024 | 989830 | 5 |
0.025 | 217798 | 6 |
Last trade - 11.04am 12/09/2024 (20 minute delay) ? |
Featured News
HIO (ASX) Chart |