On the balance of probabilties, thats my most likely forecast too. And as @levendful mentions the baltic dry index is showing shipping costs have dropped a lot recently, hopefully drop a little bit more. The last variable is the discount for 57%Fe that needs to come down, but simple logic would say that as IO demand rises again the discount will naturally reduce.
Riley is 0% factored into the SP at present.
PS: Sentiment changed from hold to buy as of today
On the balance of probabilties, thats my most likely forecast...
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Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $58.93M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 3.0¢ | 2.6¢ | $595.8K | 21.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1108163 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 755555 | 3 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
2.7¢ |
Change
0.001 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| 2.6¢ | 3.0¢ | 2.6¢ | 13087600 | ||
| Last updated 15.57pm 31/05/2024 ? | |||||
| VMS (ASX) Chart |