I am not sure your assumption that they forward sold “all” the ore is correct. They were selling shipments on a fixed price basis, which is a little different. Ie agreed price, no adjustments.
Am certain selling 50% ore you don’t have a lot of bargaining power or can correlate the pricing as closely, just happy to convert to some marginal profit.
As far as Shine goes with no announcements otherwise we’re at the mercy of market pricing.
I am not sure your assumption that they forward sold “all” the...
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Last
37.0¢ |
Change
0.005(1.37%) |
Mkt cap ! $436.7M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.5¢ | $749.2K | 2.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 98664 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 1967307 | 9 |
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| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |