Fair enough - and I honestly would hope so too, but let’s think if it this way; they’ve already commenced site works, which is ahead of schedule.
They’re fully funded.
They have all their permits.
And when the FS was done, Fe wasn’t trading anywhere as high as it is now.
Yet, we’re barely able to keep support at 12c.
Barely able to justify a $45mil mc!
So, what does that tell you?
How can we be trading lower than we were when we were still waiting on permits and Fe price was lower?
How does it rerate from here all the way to 30-40c when all we have left is offtake news?
It just seems all too far fetched imo.
Fair enough - and I honestly would hope so too, but let’s think...
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31.5¢ |
Change
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Mkt cap ! $218.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $917.3K | 2.947M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 136720 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 30000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FEX (ASX) Chart |