You have to ask why they feel the need to go chase another early stage opportunity when they should be focusing on monetising Buckland.
I don't think they need the cash. With Nullagine gone, they've got very little left over in the way of cost, or at least they should have very little. Iron Valley still looks like doing at least 17m of EBITDA which keeps this in value territory. Cash doesn't change the corporate appeal on Buckland, so this is potentially still a stock to like.
As long as they don't go and p!ss the new cash up against a wall... which is the risk here imo.
You have to ask why they feel the need to go chase another early...
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Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $822.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.3¢ | $478.4K | 1.656M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 84248 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 20000 | 1 |
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| BCI (ASX) Chart |