In this instance I would say the report in neutral, there always seems to be a requirement for good (Ramp ) or bad (short) sometimes its neither, it will take time for S32 to find its place in the market but with management who unlike RIO BHP ( i know they are former BHP people) who will cut production or higher cost production long term the value looks good.
Mining is cyclical business and high cost producers fail, production drops price goes back up big miners benefit, a good time to be a miner with a strong balance sheet
In this instance I would say the report in neutral, there always...
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Last
$2.94 |
Change
0.110(3.89%) |
Mkt cap ! $13.31B | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.94 | $2.84 | $67.91M | 23.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 859 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| S32 (ASX) Chart |