I think this will be a slow burn for sometime going forward.
Catalyst for price increases will be in my opinion and in no particular order
1. Mine expansion
2. Costs being reduced
3. Underground/underwater remote mining. Initial tests early next year from memory. Could deliver huge savings.
4. Debt management
5. Rough diamond pricing
These will all take time but I'd rather put money into the track record of the people in charge. Buying at these levels probably has limited downside.
Just my thoughts
Cheers
I think this will be a slow burn for sometime going forward....
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.1M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 18.5¢ | $53.92K | 288.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28874 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 272449 | 3 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| BDM (ASX) Chart |