Australia's largest stock trading and investment forum Australia's #1 stock forum

GWR

Click for more information

0.00%

11.0¢ gwr group limited

drilling stopped 15yrs ago

First 49 Last

Share
Profile

Follow
wilef

2,689 Posts.

104

26/05/21

11:54

Post #: 53424158
Share

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.

Expand

drilling stopped 15yrs ago

GWR Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 94 more messages in this thread...

First 49 Last

Add GWR (ASX) to my watchlist

(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $35.33M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	75499	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	13703	2

View Market Depth

No.	Vol.	Price($)
1	75499	0.105
3	110560	0.100
2	79550	0.099
1	30000	0.098
1	100000	0.093

Price($)	Vol.	No.
0.110	13703	2
0.115	274603	3
0.120	227756	7
0.125	70000	1
0.130	108000	2

Last trade - 11.01am 02/05/2024 (20 minute delay)

GWR (ASX) Chart

Day chart unavailable