This can only be seen as good news. Not sure what the market was expecting. Keep burning cash and selling newly mined product at a loss..... ??!!
Instead they have decided to keep the resource value maximised by not selling at such ridiculous prices on the open market.
Turn down and reduce overheads and costs until the resource is valued correctly again.
All the while, while still processing and selling SOH into mid year.
Circa $200m cash and zero debt.
Buying opportunity for me today.
IMO DYOR
Ann: Strategic Review Update, page-68
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |