Here is one potential reason for the share price fall in last 3-4 days
"Haulage will continue throughout the haul road upgrade, which is scheduled to be completed by
September 2025. All other parts of Onslow Iron infrastructure have operated at or above nameplate
capacity. The addition of transhippers four and five in February 2025 and April 2025 respectively will
increase transhipping capacity to 35Mtpa this half, with Onslow Iron well progressed to achieving its
nameplate 35Mtpa capacity, which we expect in Q1 FY26."
The ramp up to 35mtpa is now expected in September quarter instead of previous target of June 30th. Resurfacing of haul road will take some effort (& costs). I wonder if MSIP contribute 49% of these costs since they are the part owner now!
Anyhow, reading between the lines, the resurfacing and cement strengthening although claimed to be due to cyclone could very well be also targeting the roll over issue!
Not sure if the above is already priced in at $30.5 or we could see some more weakness tomorrow. I wont mind picking up some more.
(20min delay)