It's an interesting set of points but it feels like a classic "we'll see".
If the price of spot goes through the roof (as is the bull case) then of course contracting becomes easier, and debt becomes easier to grab as one has a more valuable asset in the mine. If it does the opposite or stagnates for 12 months, then it looks awful and yeah, another CR seems extremely likely for another hundred or two million smackers.
But of course, we'll see...never know! Regardless, a CR occurring at this price point definitely seems a lot better than if it were occurring at $1 or 90c or something like that.
It's an interesting set of points but it feels like a classic...
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Last
$1.66 |
Change
0.045(2.79%) |
Mkt cap ! $1.640B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.72 | $1.66 | $5.799M | 3.443M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 12046 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 23348 | 21 |
View Market Depth
| Last trade - 12.43pm 10/05/2024 (20 minute delay) ? |
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Last
$1.66 |
Change
0.045 ( 3.24 %) |
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| Open | High | Low | Volume | ||
| $1.67 | $1.71 | $1.66 | 1085238 | ||
| Last updated 13.02pm 10/05/2024 ? | |||||
| DYL (ASX) Chart |