Good old Mexican standoff looming as sellers are now keen on keeping for the qtly and buyers are tight with their capital in tough times. Last time we were 3 cents was back in June exactly the same iron ore price as today ( but on a downward trend and shipping costs increasing. FFWD to today upwards trend in prices and a lowering of shipping and fuel prices. Bodes well. The interesting thing will be with the company changing to annual reporting on a calendar year will they produce an annual report and attach a final dividend to bring them into sync even a small .0014 (half of their last dividend) and would only cost the $2.6 million to deliver. That’s only a months sales at today’s prices. ( conservatively using last quarter’s sales rates) This would represent a 4.6% return on a 3 cent SP.
GLTAH
CHEERS Rb
- Forums
- ASX - By Stock
- TI1
- Iron ore price
Iron ore price, page-309
-
-
- There are more pages in this discussion • 4 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 TI1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.208M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
TI1 (ASX) Chart |
Day chart unavailable