If you have the balance sheet fixed and the influence of Hong Kong investors subsiding (ie Argyle bailing) I think you’ll start to see a lot more institutional buying. Hell - someone might even block trade them out. There’s very few ways to get exposure to a pure play tin producer.
Most of the generalist style funds fail to recognise the significance of the change in grade on economics. September quarter gave us a sneak peak. You get grade, recoveries and tin prices lifting ... with no tax, the cash flow yield will moon..
Ann: Reinstatement to Official Quotation, page-35
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Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $362.4M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 39.3¢ | $396.4K | 997.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 152500 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 134887 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |