Seems to me that a falling IO price is the major concern for all companies involved in IO.
Yes the exchange rate is a factor.....but falling 58% fines is not good for any company....as most have 58% fines as a by-product of they operations, if not their main product.
58% fines are only getting around 37$ per tonne...hardly worth writing home about.
62% prices are where they were a year ago....and falling.
This company did not want to give a divvy last year....and quelled anger amongst shareholders by giving them a piddling 2 cts.
While many here are happy enough with a stock that appears for now to be stable due to a great cash balance and positive future.....I still think that management should be sharing the wealth a bit. They talk of acquisitions.....but are probably waiting for a recession before buying. In the meantime the people at the top are paying themselves handsomely.
Sorry to be a wet rag.....but I am not happy with companies that have a good income and don't share it with shareholders. I don't like buybacks....unless they increase the shareprice. And often that doesn't seem to me to happen. Give me a divvy....any day. Makes people have more confidence in the company (IMO).
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39.0¢ |
Change
0.005(1.30%) |
Mkt cap ! $475.1M |
Open | High | Low | Value | Volume |
38.5¢ | 39.0¢ | 38.0¢ | $733.2K | 1.905M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 123000 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 326622 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 123000 | 0.385 |
27 | 680477 | 0.380 |
9 | 238572 | 0.375 |
12 | 298267 | 0.370 |
2 | 4989 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 326622 | 10 |
0.395 | 97000 | 6 |
0.400 | 175873 | 6 |
0.405 | 80000 | 2 |
0.410 | 102300 | 5 |
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