The only ones to walk away from this with anything is the Management team, they will stay on the payroll until all cash reserves ( whatever they are) are depleted and then sell whats left of the company and resources.
This is a limited resource company with very expensive operational overheads, which will not make for a bright future. Best we can hope is that spod price may increase to a profit level of $ 2000 . But with cheaper operational mines comming on line in Chile, Brazil and Argentina i dont see much hope for the Aussie high cost producers in future.
The Chinese will take advatage of this and forget about us. So much for having OTA with them.
The only ones to walk away from this with anything is the...
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $309.8M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $387.1K | 2.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 136 | 2682213 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 979261 | 16 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
14.5¢ |
Change
0.005 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| 14.5¢ | 14.5¢ | 14.0¢ | 1822096 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CXO (ASX) Chart |