The IO price got hammered once again overnight. The lack of clear numbers on the production cost of the DSO means there are now doubts rising as to the profitability and possibly even the ability to go ahead at all.
I think Kaiser's numbers where fair so going by that there shouldn't be any issues. But until the company confirms anything or until we see the first quarterly numbers there is a question mark there. On top of that the unexplained postponement of the Anglo offtake isn't doing us any favors.
So to sum it up: the bearish sentiment in IO means there are very few investors looking to invest in the sector at this moment, and worries related to MGU specifically means some are selling or reducing their holding --> Sellers out number buyers and the prices goes down.
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.52M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $3.575K | 275.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 3815447 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 573230 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3815447 | 0.012 |
11 | 1580091 | 0.011 |
14 | 1604285 | 0.010 |
4 | 801200 | 0.009 |
2 | 240000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 573230 | 1 |
0.014 | 543499 | 2 |
0.015 | 512751 | 3 |
0.016 | 700000 | 2 |
0.017 | 472407 | 4 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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MGU (ASX) Chart |