I agree.
I know that commodity prices are cyclical. Why did they payout a big dividend last year? I prefer companies to pay down debt and have a strong balance sheet. And shareholders will be rewarded with a strong share price.
I hope they get out of Illawarra Coal, and put money towards Hermosa Project.
S32 was trading in 3.90 range in August. The DOW has been up several days now, if it was in the red, S32 would be under $3! easily.
What has really changed to justify this downward spiral? China is even warming up to Australia, finally.
$3 Party, page-88
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Last
$2.98 |
Change
0.070(2.41%) |
Mkt cap ! $13.49B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.99 | $2.94 | $51.26M | 17.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 89197 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 76149 | 8 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| S32 (ASX) Chart |