I think some traders are confused BF Pallets with DR Pallets. ALL Chinese made IO Pallets are BF Pallets, whereas Southdown is aiming to make DR Pallets. DR Pallets attracts higher premiums than BF Pallets (~US$7-8/dmt), and as world's steelmakers moving towards making more green steels, more DF Pallets will be required and hence larger premiums are more than likely.
Today's SP drop is a good opportunity if you like the future of DR Pallets.
DYOR
Ann: Grange Re-acquires Interest in Southdown Magnetite Project, page-24
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Last
33.5¢ |
Change
-0.010(2.90%) |
Mkt cap ! $393.4M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $211.8K | 626.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 36785 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 420076 | 51 |
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| Last trade - 11.13am 12/06/2024 (20 minute delay) ? |
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Last
33.5¢ |
Change
-0.010 ( 3.24 %) |
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| Open | High | Low | Volume | ||
| 34.0¢ | 34.3¢ | 33.3¢ | 320516 | ||
| Last updated 11.31am 12/06/2024 ? | |||||
| GRR (ASX) Chart |