I was thinking of buying in at $1.87, as I like the story.
The charts said its a strong sell, so I thought I would wait.
I stood back thinking it would fall to $1.40. It smashed through that floor.
I am now thinking it wall fall to 90 cents and hope support arrives at that level.
I think management need to publish something, that clearly indicates how this can be turned around. The announcement re shipping costs gave some clarity, however, If I believe posters on this thread its still not near enough.
I can't see how its going to be achieved, selling magnetite ore at current costs and prices. I understand they want to develop new products but cant see the time frame and potential profits.
I will watch with interest and hope shareholders don't get done over by OM Holdings, who are just about to shut there mine of magnetite and replace with E25 ore. From there presentation.
- " Mining will cease in 2021 with final lump ore production in Q4 2021"
GLTA
DYOR
I was thinking of buying in at $1.87, as I like the story. The...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.43M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.5¢ | $21.94K | 100.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2779 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 62609 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| E25 (ASX) Chart |