I thought about that as well for a while !! Mind you I think they did the responsible thing. They have expertise in bauxite, and they are a very long way off determining if this type of rare earth deposit will be able to be a profitable, commercial venture for The Company and it's shareholders. The price per tonne of this type of rare earth sells for a very handsome price, but they don't know how much they have yet .... nor the total costs to mine.
So in summary, I think it was responsible for ABX to let the market know they have found some rare earths, and yhat they intend to investigate the potential profitability. I also think it was responsible not to mark the latest Ann as price sensitive... they have a vast amount of work to do before they decide if they will proceed to mine. In this case, I would hope the Company takes the time to scrutinize and completely understand the rare earths market first. A caveat before they proceed to mine this time, should be to lock in watertight forward dated sales contracts. They have been screwed before on bauxite deals so this is a key milestone to enter this new market IMO.
GLTH
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Last
4.9¢ |
Change
-0.002(3.92%) |
Mkt cap ! $12.25M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 4.9¢ | $6.963K | 139.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 220430 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 19627 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 220430 | 0.048 |
1 | 21522 | 0.046 |
2 | 224246 | 0.045 |
4 | 30005 | 0.044 |
1 | 23833 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 19627 | 1 |
0.052 | 458401 | 4 |
0.053 | 40000 | 1 |
0.054 | 200000 | 1 |
0.056 | 82700 | 1 |
Last trade - 14.43pm 14/06/2024 (20 minute delay) ? |
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Last
4.9¢ |
  |
Change
-0.002 ( 3.92 %) |
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Open | High | Low | Volume | ||
5.0¢ | 5.0¢ | 4.9¢ | 94673 | ||
Last updated 14.43pm 14/06/2024 ? |
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ABX (ASX) Chart |