From memory GWR spent over $180.000,000 just in drilling over many years. I assume they still carry more than this in accumulating capital losses that can be offset against future profits. If they sell the Iron Ore deposit they may lose these accumulated losses which are very valuable if you start making profits. If they sold everything and the new buyer could carry the over $180 mill capital loss the price should be way higher. The Ore in the ground is worth massive dollars and very high grade only the distance to port is the problem. I am not an accountant but was a top 20 share holder in the past. I sold out around 30 cents as I disagreed with Management selling all our other assets along with our gold deposite on site I bet they wish they didn't sell them now. Note over many years at times GWR'S cash on hand has been much higher than it market cap. The Directors are on so many boards together they do just fine.
- Forums
- ASX - By Stock
- GWR
- Ann: Sale of Wiluna West Iron Ore Project
Ann: Sale of Wiluna West Iron Ore Project, page-31
-
- There are more pages in this discussion • 1 more message 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 GWR (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.0¢ |
Change
-0.001(1.23%) |
Mkt cap ! $25.69M |
Open | High | Low | Value | Volume |
8.1¢ | 8.1¢ | 8.0¢ | $1.655K | 20.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 325531 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 14999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 325531 | 0.080 |
2 | 50918 | 0.079 |
1 | 83597 | 0.077 |
1 | 66666 | 0.075 |
1 | 12000 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 14999 | 1 |
0.085 | 511276 | 3 |
0.100 | 91375 | 2 |
0.110 | 5500 | 1 |
0.115 | 15384 | 1 |
Last trade - 13.03pm 24/09/2024 (20 minute delay) ? |
Featured News
GWR (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
SPONSORED BY The Market Online