Essentiallyit is a switch from Cue and Penny to Eridanus and Rebecca Roe with the consistencyof Mt Magnet being the base board of ounces p.a.
2027is the switch year with a significant “signalled” drop of ounces.
Thisway with the Eridanus cutback of the open pit as opposed to underground ( nowout to 2034 start) they get more consistency of bigger ounces first.
Iget you need this consistency of production to get a Spartan deal over anyfinanciers requirements…
Iactually don’t mind this long term plan and I think some 2027 upside is clearly signalled also
“TheCompany is currently focused on mine life extensions at its highest gradeoperations - Penny, Cue and Galaxy”
WhenI see a dump like this over and above market competitor average I always thinkits someone wanting to accumulate weak retail hands
GLTAH
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Last
$2.56 |
Change
-0.025(0.97%) |
Mkt cap ! $2.995B | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.61 | $2.55 | $6.175M | 2.400M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 100352 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 26181 | 7 |
View Market Depth
| Last trade - 11.08am 24/06/2025 (20 minute delay) ? |
| RMS (ASX) Chart |