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11.5¢ gwr group limited

drilling stopped 15yrs ago

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wilef

2,688 Posts.

104

26/05/21

11:54

Post #: 53424158
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Originally posted by stevenjd: ↑

No, its really just a few years imo that it will be 100/t plus, until Brazil recovers.
It will take longer than that for extra supply to come out of africa. Lots of rail to build etc.

This is about making hay while the sun shines. If we get even two years of gravy, what do we do with 100 plus M of cash. (which is why they want to expand stage 2, and get more than 1mt pa. => more $$$)

Now if you looked ahead into a lower priced iron ore, at that point, we would want to spend that cash on something with lower opex, closer to port. Its all about using our cash to transition to a sustainable lower priced environment.

But, having been in the box seat, to reap this cash window while it is open, is leagues ahead of all those others.
And it gives us choices, we could invest into anything at that point.

If you're still drilling for it at this point, you are in the dreamers camp.
But If you're are sticking it on a boat, and shipping it, you are in the winners camp.

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drilling stopped 15yrs ago

GWR Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 11.5¢		Change 0.000(0.00%)		Mkt cap ! $36.94M

Open	High	Low	Value	Volume
11.5¢	11.5¢	11.5¢	$154	1.337K

Buyers (Bids)

No.	Vol.	Price($)
5	140630	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	254939	2

View Market Depth

No.	Vol.	Price($)
5	140630	0.105
2	105010	0.100
2	79550	0.099
1	30000	0.098
1	21065	0.097

Price($)	Vol.	No.
0.115	254939	2
0.120	35899	2
0.125	71720	2
0.130	108000	2
0.135	48000	1

Last trade - 14.36pm 26/04/2024 (20 minute delay)


Last 10.5¢			Change 0.000 ( 8.70 %)
Open	High		Low	Volume
10.5¢	11.5¢		10.5¢	32060
Last updated 14.01pm 26/04/2024 ?

GWR (ASX) Chart