Three reasons for the decline in my view:
1. Fertiliser prices suck at the moment, prices are crashing (although not so much for phosphate rock, for whatever reason)
2. It seems pretty clear to me there have been project issues that the company has not seen fit to disclose (lack of recent updates, Lindsay's recent mysterious trip to Angola both suggest as much)
3. Fear and anxiety feeding on themselves, particularly among retail holders, and the capitulation effect has become self-perpetuating
Three reasons for the decline in my view:1. Fertiliser prices...
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Last
6.0¢ |
Change
0.004(7.14%) |
Mkt cap ! $51.90M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 6.0¢ | 5.6¢ | $24.40K | 419.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49778 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 989799 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
0.004 ( 3.51 %) |
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| Open | High | Low | Volume | ||
| 5.7¢ | 6.0¢ | 5.7¢ | 156844 | ||
| Last updated 15.55pm 04/06/2024 ? | |||||
| MNB (ASX) Chart |