While it is positive to see movement on Riley, this seems to be on the reactive side as opposed to proactive.
In my opinion, the time for assessing options has long passed. They would surely have a good understanding of the economics and sustained IO price required to enable a restart. Therefore, I tend to agree that they are angling towards a sale.
If it is ever going to be a saleable asset, perhaps now is the time.
The absence of any estimated associated cost or timeframe against this 'assessment' is frustrating.
Ann: VMS Appoints Key Advisor to Lead Riley Iron Ore Mine Review, page-11
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.90M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $22.79K | 1.262M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 5760763 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 6739209 | 19 |
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| Last trade - 14.55pm 29/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |