Well, it is almost certainly going to be bad news...but you have to wonder how much is already factored in.
I'm expecting a loss of $35-$40m on Mongolia with the balance of the holding to be collected in cash over time via asset sales or partial collection of the receivable as I've mentioned before.
Anything better than that I would take as a positive. Anything worse a negative.
You would also expect a worse underlying profit as well this year given the ongoing struggles in mining services. Should get an update at the AGM this Friday I'd expect.
Despite all this, still looks dirt cheap given the free cash it will throw off.
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Open | High | Low | Value | Volume |
33.0¢ | 34.0¢ | 33.0¢ | $774.8K | 2.297M |
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No. | Vol. | Price($) |
---|---|---|
4 | 211876 | 33.0¢ |
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Price($) | Vol. | No. |
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34.0¢ | 647616 | 11 |
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No. | Vol. | Price($) |
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4 | 211876 | 0.330 |
4 | 255000 | 0.325 |
2 | 134392 | 0.320 |
2 | 100970 | 0.315 |
1 | 100000 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 521088 | 5 |
0.345 | 273985 | 3 |
0.350 | 372000 | 5 |
0.355 | 57903 | 3 |
0.360 | 160588 | 5 |
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