@tony351
Not sure if I'd call protecting your capital "gambling". And i just don't think they can flick a switch and ramp up production elsewhere. By all accounts it's going to cost a lot to rebuild (if that is even feasible) the loading facilities and add lost production on top of that.
Yes, S32 rallies when silver rallies, but based on what I've seen the market is not going to like the assessment to come. I'm happy NOT to gamble on the outcome. Good investing is avoiding stocks with any negative developments pending. There maybe a good re-entry opportunity down the track, once the dust clears.
Ann: Australia Manganese Update, page-26
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Last
$3.66 |
Change
-0.050(1.35%) |
Mkt cap ! $16.57B | |||
| Open | High | Low | Value | Volume |
| $3.73 | $3.73 | $3.60 | $56.87M | 15.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 348810 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.66 | 22679 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| S32 (ASX) Chart |