The reality is there are actual mines closing down today because of commodity prices who will be arguing why are they not being supported.
Why support other companies who may in the distant future start producing something. Why not argue the Govt to hand out billions of $$$ today for years in the hope the price of those commodities are higher in the future?
That is a hard story to sell and imo not very likely to happen.
Its also not my line of thinking it's reality. One which can be witnessed across many commodity sectors where projects stall when the commodity price falls below the incentive price.
The reality is there are actual mines closing down today because...
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Last
4.4¢ |
Change
-0.001(2.22%) |
Mkt cap ! $88.55M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.3¢ | $228.6K | 5.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 159614 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.5¢ | 374204 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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4.4¢ |
Change
-0.001 ( 3.93 %) |
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| Open | High | Low | Volume | ||
| 4.6¢ | 4.7¢ | 4.4¢ | 3443694 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| QPM (ASX) Chart |