Agreed, Good result. Well run company. Kicking all its goals to double production. Fully funded. Infrastructure in place. Market leader in Green I/O.
Share price is a plaything of the institutions. No accountability for them pushing round the small investors, apart from forcing them to ride the price wave or sell out.
I think the EPS for the year will be 91 cents so decreased earnings per quarter for the rest of the year.
When production doubles in 2022, EPS will be around $1.15, at IO price of US$100/t for 62%. (rough estimate)
China will increase production next year. Probably force higher grade usage of I/O. Therefore price increase.
People are forgetting that the US$ is devaluing like crazy with all the money printing and the subsequent effect on commodity prices. Commodities may be at record levels (exc I/O) but the US$ is depreciating rapidly and hence commodity prices will stay high in US$ terms. All IMHO.
Looking forward to when CIA start paying dividends.Maybe next year.
GLTA
DYOR
Agreed, Good result. Well run company. Kicking all its goals to...
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Last
$6.40 |
Change
-0.110(1.69%) |
Mkt cap ! $3.315B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.60 | $6.39 | $14.63M | 2.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 24946 | $6.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.41 | 8265 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CIA (ASX) Chart |