Hi onetricky,
IO at or north of US$100 is a good look for GEN. It will be a relatively high cost producer once you factor in rail, port and shipping costs from Africa but this is slightly offset by the premium for their higher than 62% Fe product.
However, I'm continuing to watch as there is the elephant I the room still to come - AUD$300 mil or so capex funding.
If only AUD$100 mil of that is through equity then that's 1 billion shares potentially to be issued at an assumed 10 cents.
So I don't see the share price heading north of this in the near term.
Unlike some IO pre-production juniors in Australia, I do believe GEN will succeed.
More patience required!!
Cheers!
Hi onetricky,IO at or north of US$100 is a good look for GEN. It...
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Mkt cap ! $89.08M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.5¢ | 13.0¢ | $592.8K | 4.370M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 469191 | 13.0¢ |
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| Price($) | Vol. | No. |
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| 13.5¢ | 70000 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Last updated 15.04pm 03/05/2024 ? | |||||
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