The O/S presentations have provided no price support whatsoever and for very good reason-
For various reasons the plant has not been running at full capacity, let alone being profitable and until this can be demonstrated over a period of a few months, I believe that the sp will continue to drift lower.
This will also have a negative impact on finance negotiations for the US plant-sure they may get conditional approval but it will be predicated on the success of the Geelong plant among other things.
Given a 12 month ramp up I can't see full production till 2014 at the earliest and another plant in the US is unlikely for another 2/3 years after that.
I'm looking to re-enter but not until they actually meet some of their targets.
cheers
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36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $152.7M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 36.0¢ | $74.22K | 202.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 24135 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 6023 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2800 | 0.380 |
1 | 4545 | 0.365 |
1 | 19590 | 0.360 |
2 | 2834 | 0.355 |
1 | 10000 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 3329 | 1 |
0.370 | 116351 | 3 |
0.375 | 50000 | 1 |
0.385 | 30000 | 1 |
0.390 | 65332 | 3 |
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