Pretty ugly update, but was the market expecting worse than this? Not sure.
Pricing reset to monthly with a volume discount?! And costs above higher end of guidance.
The only positive I can see in this annoucment is that from what I've read, some market participants were expecting production cuts of crica 30%. However the pricing and costs in this annoucment probably outweigh that to the negative side IMO.
Could be an ugly one.
Pretty ugly update, but was the market expecting worse than...
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Last
$5.64 |
Change
-0.230(3.92%) |
Mkt cap ! $4.270B | |||
| Open | High | Low | Value | Volume |
| $5.76 | $5.84 | $5.64 | $26.26M | 4.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28870 | $5.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.65 | 27843 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IGO (ASX) Chart |