from unauthorised investment advice
GWR GROUP (ASX:GWR)The savvy iron ore play is raking in cash after receiving the first two monthly payments (inclusive of royalties) totalling $1,512,000 from the C4 deposit.GWR sold the mining rights at its C4 iron ore deposit – 1 of 13 high grade deposits at the 131Mt @ 60% fe Wiluna West project – to private company Gold Valley Iron Ore mid 2022.It previously traded the rights to mine the high grade JWD deposit to fellow ASX-listed junior CuFe (ASX:CUF).GWR will receive ~$756,000 per month from GV for a minimum $52m over the next decade, it says.Meanwhile, external parties have expressed positive interest to either purchase a portion of the 11 remaining iron ore deposits or to acquire the mining rights, GWR says.It now has a growing cash pile of $14m, which it will use to investigate and fund potential new acquisitions. The company is currently reviewing several opportunities, it says.The $30m capped stock was punished last year, down 50%, but has staged a nascent comeback in 2023.
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from unauthorised investment adviceGWR GROUP (ASX:GWR)The savvy iron ore play...
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Last
7.7¢ |
Change
-0.001(1.28%) |
Mkt cap ! $24.73M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.5¢ | $43.27K | 564.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 250000 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.6¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 250000 | 0.075 |
1 | 13500 | 0.074 |
4 | 302776 | 0.072 |
1 | 65000 | 0.071 |
2 | 139285 | 0.070 |
Price($) | Vol. | No. |
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0.076 | 100000 | 1 |
0.077 | 31953 | 1 |
0.081 | 101252 | 1 |
0.082 | 100000 | 1 |
0.085 | 100000 | 1 |
Last trade - 15.59pm 26/08/2024 (20 minute delay) ? |
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