Agree with your assessment. The last time we were in this situation (where asset values were at or below cost) we didn't see a turnaround until there were meaningful cuts in production/ development. We saw a number of players go under (Altura & Alita) and we saw production cuts by PLS, MIN & at Mt Cattlin.
This cycle has seen a slight reduction at Greenbushes and the shuttering of mining operations by CXO.
It looks like we will need to see a couple more significant announcements relating to production cuts before the analysts/ BEOT start reentering the sector.
Give it 12 - 18 months at best based on current expectations.
Agree with your assessment. The last time we were in this...
-
- There are more pages in this discussion • 912 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.18 |
Change
0.110(2.70%) |
Mkt cap ! $1.441B | |||
| Open | High | Low | Value | Volume |
| $4.16 | $4.24 | $4.06 | $16.60M | 3.984M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2885 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 5952 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LTM (ASX) Chart |