Dear Venturians
There is two ways to make money from Riley
1. Increased price of io or
2. decrease sipping costs.
Shipping is at $55 per ton so at $100 we are only making $45.00
If shipping falls back to $20 we are making $80
So io only has to get back $135 are we are making money (lots) again on these numbers. Why will shipping get back to these numbers because as the price of io falls less ships will be needed and supply of shipping will outstrip demand. We are starting to see it already.
It is the shipping costs that are screwing us over, the price of io hasn't helped but we need to keep it in prospective. It will be interesting to see the outcome of the review as too our cost structures.
PS Money bags is of the coast of Mackey at the current time.
Dear VenturiansThere is two ways to make money from Riley1....
Add VMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
0.003(15.8%) |
Mkt cap ! $49.86M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.2¢ | 1.9¢ | $101.4K | 5.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1028112 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 2222248 | 11 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
|
|||||
|
Last
2.1¢ |
Change
0.003 ( 7.69 %) |
||||
| Open | High | Low | Volume | ||
| 1.9¢ | 2.1¢ | 1.9¢ | 841212 | ||
| Last updated 15.22pm 08/05/2024 ? | |||||
| VMS (ASX) Chart |