"Won't they be a drag on the stock "
I think the mining cosumables division is doing ok and whyalla steel making showed a profitable turnaround in the last 1/2 of the year.
Have to wait for the 1/2 yearly to see if it continued to improve
Iron ore is the driver at the moment, if they get the other bits of the business going well, it would be a bonus as I dont think they are adding much to the share price.
If you look at the current market cap, another company could have that based on the 12mt of iron ore production alone.
Even if the other divisions just hold there own, there is plenty of bonus upside.
1.00 within reach, page-7
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $14.22M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $22.53K | 951.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 332206 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 210000 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ARI (ASX) Chart |