The market cap is now only about $100m. I didn't go to the AGM but was told they reckon they will be approaching production by the end of year with a fairly substantial low-cost project. That alone would be worth a multiple of the current price. They are going to drill a huge anomoly at Goldsworthy before the end fo the year also, which means we will have the happy combination of a blue-sky bet underwritten by near-term production. The directors are claiming they have the pipeline of projects to build a tier two iron ore company, which means they are targeting a $1bn plus company. They certainly have the team to do it. This is why so many people have bought and are holding the stock. If the directors own 25% plus, looking at volumes over the last couple of months, the great majority of this stock must have been mopped up by now.
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- Ann: Change in substantial holding - Tolga Kumova
Ann: Change in substantial holding - Tolga Kumova, page-15
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Last
2.8¢ |
Change
0.002(7.69%) |
Mkt cap ! $100.7M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.7¢ | $31.72K | 1.134M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 647592 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 455694 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 647592 | 0.027 |
6 | 1649600 | 0.025 |
6 | 616251 | 0.024 |
4 | 2493089 | 0.023 |
2 | 336000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 455694 | 4 |
0.029 | 224000 | 2 |
0.030 | 2989555 | 6 |
0.031 | 677413 | 3 |
0.032 | 636774 | 2 |
Last trade - 14.26pm 16/08/2024 (20 minute delay) ? |
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M4M (ASX) Chart |