If Evergrande contagion kicks in, then all commodities will take a big hit. some are predicting $50 tonne for iron ore, which will shut half of Australian mines. New Chinese coal mines bring opened in record numbers. Unlikely to filter down until next year, but by March it may be make or break for the Oz resources sector. Except perhaps for precious metals. Ter will escape the Chinese contagion but might get caught up in the hysteria and seaborne glut that would follow. Time to get the shovels moving and get as much to market as they can. Debt payback of $200m is very possible in 6 months if they have the will to do it. September sales figures will give a clear indication of how much can be made in the next 3 months. IMHO.
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Mkt cap ! $132.1M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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12 | 718544 | 0.160 |
10 | 1374648 | 0.155 |
18 | 466622 | 0.150 |
4 | 191670 | 0.145 |
5 | 93709 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 122294 | 3 |
0.170 | 409696 | 7 |
0.175 | 339428 | 5 |
0.180 | 235062 | 5 |
0.185 | 594498 | 3 |
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