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
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $104.3M |
Open | High | Low | Value | Volume |
2.9¢ | 3.1¢ | 2.8¢ | $249.5K | 8.448M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1648460 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1648460 | 0.028 |
5 | 2281110 | 0.027 |
4 | 1011383 | 0.026 |
4 | 2000305 | 0.025 |
2 | 62250 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 250000 | 1 |
0.031 | 322985 | 3 |
0.032 | 425000 | 2 |
0.033 | 280000 | 1 |
0.034 | 100000 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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