interesting point about IOP Mal and what has actually driven value creation for shareholders.
In Nov 2021 at Welborn’s appointment Fe prices were circa US$120/t and Diesel prices were circa $1.40/l and FEX SP was 23cents.
Today Fe is circa US$110/t and Diesel circa $2/l and FEX SP is 32c (ex a 5.25c dividend payment).
So, iron ore prices are lower, diesel prices are higher, and FEX shareholders have had +50% returns. You bewdy!
And Mal, it is becoming increasingly clear that the positive shareholder value returns are being driven by the implementation of a growth strategy and management discipline.
And I’m betting it keeps getting better and better.
Keep posting Mal. Your posting history speaks for itself.
interesting point about IOP Mal and what has actually driven...
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.0¢ | $442.6K | 1.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7792 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 408953 | 9 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |