That is a fairly negative view point for a company that needs 6 to 12 months of favourable market conditions to generate enough cash to equal its market cap in equity.
The failure of Russia to take Ukraine has in my opinion sidelined the Taiwan invasion fear. A Taiwan invasion wasn't likely but was a risk keeping down the share price (PE ratio) of China dependant stocks. I wouldn't want to be short low PE stocks exporting iron ore to China like FEX. I reckon that they have started to be revalued with the recent Ukrainian success and I don't see that turning around.
Had Russia rolled Ukraine in a few days it would have been completely different. IMHO
That is a fairly negative view point for a company that needs 6...
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Last
32.5¢ |
Change
-0.010(2.99%) |
Mkt cap ! $225.7M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 32.3¢ | $439.3K | 1.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 551372 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 120274 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
32.5¢ |
Change
-0.010 ( 2.99 %) |
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| Open | High | Low | Volume | ||
| 33.5¢ | 33.5¢ | 32.3¢ | 818302 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| FEX (ASX) Chart |