Its nieve to assume that the commodity will not rise from current price, demand drives growth in price aswell as macro conditions, you only have to look at iron ore. I am looking at the growth in the sector and supply shortfall and making my own assumption that the spot price will rise. Yes i am taking a risk but I prefer to buy a stock at the lower end of the commodity cycle than towards the top.
Its nieve to assume that the commodity will not rise from...
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Last
$3.58 |
Change
0.100(2.87%) |
Mkt cap ! $547.1M | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.58 | $3.46 | $1.144M | 324.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1469 | $3.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.60 | 481 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |