Took another bite today. It's beaten up pretty bad (and rightly so) - but if you think it'll turn around, the time to accumulate is when it's down.
Management sounded very knowledgeable on the call, but they weren't arrogant - just told it how it was and said they need another 1-2 Q's working on Nifty, to get over the hump. That's about another $20M in cap. development - but if they're confident in the resource (and they re-iterated they were) and that's what it take to unlock it, so be it. They also re-iterated they were very confident in Renison's future.
May well get cheaper in the next 6 months (who knows?) but I expect that an investment at these levels, will seem pretty wise in a few years.
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43.3¢ |
Change
-0.003(0.57%) |
Mkt cap ! $385.1M |
Open | High | Low | Value | Volume |
42.5¢ | 43.5¢ | 42.0¢ | $570.1K | 1.329M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6576 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 89412 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 97325 | 0.425 |
8 | 169419 | 0.420 |
8 | 167417 | 0.415 |
12 | 345908 | 0.410 |
6 | 423174 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 205645 | 5 |
0.435 | 140317 | 9 |
0.440 | 46526 | 5 |
0.445 | 96150 | 7 |
0.450 | 52500 | 4 |
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