Agree with you. This looks like a cynical tree-shake, typical of a Goldman Sachs or similar. Any positive news including exploration extending mine-life, partner financing commitment (if required), improved recoveries in processing etc etc, will send this up as quickly as it has been manipulated down. Well under $600m market cap, $200m cash, current cash generation, fine-tuning of processing likely to drive better returns. Ridiculous valuation when Rhinehart, MinRes and co are buying stakes at MUCH higher valuations in Azure, Liontown etc who are further behind in the path to production. This is now a compelling buy IMO also.
Banter and general comments, page-34292
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 365887 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 883409 | 8 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |