Management and also sentiment, mining is a high Capex industry, if they decide to develop SD that will take a lot of cash, just look at how MGX is burning cash and that was at record high IO levels. Add to that the future of IO in Australia past the medium term does not look good.
$894m equity vs $670m market cap? ~$420m cash, no debt; generating ~$25m/month free cash flow, page-6
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $416.6M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.3¢ | 35.5¢ | $1.161M | 3.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14701 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 292464 | 8 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GRR (ASX) Chart |