It's definitely a setback but I don't think it's quite as bad as some here are portraying it to be.
Higher zinc prices are around the corner. The LME stocks have been in a freefall for the past 12 months and production is on the decrease.
The new CEO definitely has his work cut out for him to turn things around over the next few months but there is no guarantee that Perkoa will go into care and maintenance, it's just one option being considered.
There are a lot of uncertainties at the moment but I don't think that's a good reason to start dumping BTR stock unless you need the money desperately. I think price targets of 10c are way off the mark and are being made out of anger and frustration more than anything.
What we need are higher zinc and copper prices and things could turn around quite quickly. I'm disappointed but not pessimistic. Now it's time for management to deliver for shareholders. Whether they will be able to do that remains to be seen, but I am hopeful that something will be able to be worked out that will restore some much needed confidence.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $66.26M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $52.96K | 3.655M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 13380364 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 4931140 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 13380364 | 0.014 |
12 | 7284256 | 0.013 |
13 | 6336666 | 0.012 |
11 | 5033283 | 0.011 |
11 | 5645696 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 4931140 | 6 |
0.016 | 7391212 | 8 |
0.017 | 1813202 | 6 |
0.018 | 2870785 | 13 |
0.019 | 3563611 | 7 |
Last trade - 15.55pm 14/06/2024 (20 minute delay) ? |
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Last
1.5¢ |
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Change
0.000 ( 7.14 %) |
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Open | High | Low | Volume | ||
1.5¢ | 1.5¢ | 1.5¢ | 553333 | ||
Last updated 15.58pm 14/06/2024 ? |
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