g’day all.
remember that a poster who traded through previous cycles highs and lows, advised that these junior producers traded at 0.5-1.5 x cash. I can’t remember who it was. If you see this, I’d appreciate your advice on whether those juniors were paying divs or not?
as I’ve said before, I think we’ll continue to track IO price. We need some step out drilling and drilling on JV to find & prove up lots more tons to give us a longer LOM and hopefully increase in output. Although I suspect port constraints, may impact that.
divs have been clearly indicated. So we won’t know their impact on SP until they actually happen.
I’m holding plenty, but probably should have been trading one one as we go up and down.
cheers,
ned.
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