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.
Its definitely the drop in Iron Ore. $220 to $160. Having said...
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Last
$4.79 |
Change
0.010(0.21%) |
Mkt cap ! $2.532B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.81 | $4.71 | $4.521M | 945.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22584 | $4.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.80 | 14020 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$4.80 |
Change
0.010 ( 0.25 %) |
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| Open | High | Low | Volume | ||
| $4.75 | $4.81 | $4.72 | 367782 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| DRR (ASX) Chart |