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
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $125.9M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.5¢ | $98.56K | 2.794M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1426883 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1416883 | 0.035 |
2 | 498596 | 0.034 |
6 | 580076 | 0.033 |
2 | 130000 | 0.032 |
3 | 849000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 100000 | 1 |
0.037 | 779161 | 8 |
0.038 | 913485 | 6 |
0.039 | 586000 | 2 |
0.040 | 1301339 | 5 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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