IMarket is a bit ho hum on this right now, I have talked to some today who see it as just extending the timelines and introducing unknowns in the funding/ ownership structure of the increased size refinery and what is the percentage COB will end up with in the mix. These are issues that will need to be conveyed in more detail over time. The direction is IMO absolutely the best possible one for COB, some who did/do not see why a refinery in WA is vital will only see a negative here, extended timelines, unsure of corporate structure/ownership of WA operations, or just change itself "we have spent years getting the Broken Hill project to get to this stage", was one comment and "I don't like change" was another. I guess right there you have it.....that's a bit of the short term market talking.
Markets will come around as the meat is put on the bone of this new direction, COB has a lot of work ahead, for me its all about the direction, sometimes its so easy to go fast in the wrong direction.
This is a really exciting development, news should flow on many fronts over this year, market will have eyes for concrete developments in WA on the location side and the refinery structure itself.
Cheers
Phil.
- Forums
- ASX - By Stock
- COB
- Ann: DFS Update
Ann: DFS Update, page-14
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COB (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
0.002(2.94%) |
Mkt cap ! $29.57M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.9¢ | $10.70K | 153.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.3¢ | 8557 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16 | 0.070 |
2 | 11421 | 0.069 |
2 | 20661 | 0.068 |
6 | 179388 | 0.067 |
4 | 144286 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.073 | 8557 | 2 |
0.074 | 463200 | 5 |
0.075 | 122890 | 9 |
0.076 | 2616 | 2 |
0.077 | 55384 | 2 |
Last trade - 12.51pm 18/09/2024 (20 minute delay) ? |
Featured News
COB (ASX) Chart |