MIN is now looking the most vulnerable given the debt load, and IO also starting to tank. Bald Hill is not a good omen given A40 demise.
SYA has ex AJM Directors so learnt a lesson from the risks with carrying debt, but will need to tap the market at some point.
As for LTR I cant understand for the life of me why they started ramp up and entered into the recent supply contract Not enough details are ever released on this stuff. Like you say maybe way too much EGO's by the Exec team, a bit like their holders.
If spod is at $700 USD T SC6 this time next year still LTR will be in a world of pain.
The market is forward looking so if the drop continues unabated this will be long term.
On the hard rock front there has been too much head in the sand on the African supply. I doubt they are making too much either.
Cash is king at the moment for companies and investors IMO.
LRS General Discussion, page-19186
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16.0¢ |
Change
-0.020(11.1%) |
Mkt cap ! $447.9M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $4.686M | 27.80M |
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| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2472953 | 16.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1202344 | 3 |
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