Its definitely the drop in Iron Ore. $220 to $160. Having said that the AUD is back below USD$0.74 which would be a tailwind for us. Also production levels from mining area C will continue to ramp up.
I think the market is still hesitant given its a pure royalty play. I think its interesting buying at these prices if you are happy with a solid +5% div yield into the future.
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Its definitely the drop in Iron Ore. $220 to $160. Having said...
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$3.40 |
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Open | High | Low | Value | Volume |
$3.40 | $3.42 | $3.39 | $439.8K | 129.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 10270 | $3.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
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View Market Depth
No. | Vol. | Price($) |
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26 | 9268 | 3.400 |
32 | 50346 | 3.390 |
17 | 25632 | 3.380 |
14 | 61519 | 3.370 |
12 | 18820 | 3.360 |
Price($) | Vol. | No. |
---|---|---|
3.410 | 8820 | 19 |
3.420 | 53047 | 25 |
3.430 | 32720 | 13 |
3.440 | 47345 | 10 |
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