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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The market cap is now only about $100m. I didn't go to the AGM...
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $68.83M |
Open | High | Low | Value | Volume |
1.8¢ | 1.9¢ | 1.8¢ | $32.63K | 1.718M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 5040252 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 598549 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 5040252 | 0.018 |
10 | 5108823 | 0.017 |
3 | 720000 | 0.016 |
6 | 4328333 | 0.015 |
2 | 857143 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 598549 | 2 |
0.020 | 974496 | 6 |
0.021 | 757476 | 3 |
0.022 | 606349 | 4 |
0.023 | 630434 | 2 |
Last trade - 14.49pm 18/09/2024 (20 minute delay) ? |
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