I think we are getting somewhere now.
Judging by the calculations then, INL will make a loss if they carry on at current Zinc/Lead prices given that they are having to use lower grade feedstock.
This makes sense as to why Polymetals have given up and given 100% ownwership to INL.
So as I said, this has now become a burden short term, on the hope that we get better Zinc/Lead prices in the future.
So when Wood said INL are a short term buy just before the rights deadline he was obviously wrong.
I would think there is some sort of misleading information here that perhaps shareholders could use if they wished.
Long term they will survive and flourish but if we think the share price has plummeted recently we probably aint seen nothing yet.
We will be in the 2'S soon enough.
I think we are getting somewhere now.Judging by the calculations...
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $77.81M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 40.5¢ | $32.51K | 79.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9618 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 101728 | 3 |
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| Last trade - 15.57pm 22/07/2024 (20 minute delay) ? |
| SDV (ASX) Chart |