I think a sensitivity analysis would be useful. That is, if iron price falls by 50%, what sort of profit (or loss) will GRR make? From that work out a suitable price and discount it by another 10% for a bottom. Markets will always overshoot to the low and upside quite regularly (in part due to increased volatility caused by shorting and short covering).
Anyone had a go at doing this already?
below 40c, page-5
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.5¢ | 25.3¢ | $615.8K | 2.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67789 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 71476 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |