I agree Cabe. The problem is the huge liquidity this stock has with mostly retail. In the end the numbers will have this stock as either sinking or swimming. In less than 3 weeks we will know for sure. What I do know is that the company announced its mining contract was in line with its budget and for those who know mining contracts post award the price can only vary on a basket of goods price adjustment over a period of time. So there won't be any major deviation either way in the last quarter, even if there was major cost pressures somewhere. Also the major cost driver is diesel which has been below their forecasts. I don't see the C1 cost being a deviation away from expectation up or down. What will be possible is an upside on the production rate now achieved and the lump premium achieved.
The tossers in the market who think they can forecast to the month what the IO price will be in 6 months let alone 3 months are delusional. Once the broader market sees the cash numbers then they will decide what the SP will be not some low volume manipulator. IO prices are actually biasing up in the short term so the potential cash generation this quarter is going to determine the SP post quarterly reports once we crunch the numbers. Me and my Homies are accumulating at these prices. We have been in and out a few times since 8c so we are doing alright so far but are pretty bullish at least for the next 2 quarters when should have close to the current market cap cash backed.
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $183.7M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.5¢ | $196.7K | 784.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 106000 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 72218 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 106000 | 0.250 |
25 | 2160536 | 0.245 |
26 | 698137 | 0.240 |
7 | 522394 | 0.235 |
10 | 891920 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 72218 | 3 |
0.260 | 249363 | 6 |
0.265 | 268695 | 5 |
0.270 | 172869 | 6 |
0.275 | 345578 | 5 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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FEX (ASX) Chart |