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22.8¢ terracom limited

why invest if there is negative returns

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w1londongroup

4,868 Posts.

363

15/08/24

12:27

Post #: 75219597
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Originally posted by jace.h: ↑

I'm not sure that's an entirely fair comparison.

TER got lucky with their BA acquisition from Rio in 2016.

SMR got lucky with their acquisition from BMC (mostly BHP) in 2022. If SMR hadn't gotten lucky in 2022, they would not be in their position today. And there wouldn't be that nice chart.

The other two Queenslanders who didn't get lucky are BCB and CRN.

So as bad as I think TER management is, life is tough unless you get lucky.

Now this might surprise... but I can sort of accept TER management sitting on their hands.

The thing about their non-BA assets in Australia is I don't think they can spend any money on them. Or rather, what's the point? Queensland isn't going to let anyone develop them anyway. (This includes Moorlands because it would've been developed by now if it was profitable to do so. It's been around for a long time.)

As for SA, I'm not sure that's a better use of capital than just returning to shareholders. They can't even offload their existing SA assets at an okay price. So why invest more?

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why invest if there is negative returns

TER Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 22.8¢		Change -0.003(1.09%)		Mkt cap ! $184.2M

Open	High	Low	Value	Volume
23.5¢	23.5¢	22.8¢	$78.39K	341.6K

Buyers (Bids)

No.	Vol.	Price($)
10	557193	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	98530	5

View Market Depth

No.	Vol.	Price($)
4	1827	0.235
7	188864	0.230
10	557193	0.225
13	367846	0.220
8	417177	0.215

Price($)	Vol.	No.
0.205	1481	1
0.230	347	1
0.235	32916	2
0.240	287381	6
0.245	402000	7

Last trade - 10.10am 14/11/2024 (20 minute delay)

TER (ASX) Chart