Not really, for instance.
If i was in the CEO's shoes.. If the IO price hits $50.. All you have to do is buy a futures agreement, or lock in a forward, or better yet take out a put option for IO. And you can easily continue production while locking in that higher price. Hence as you can see, the amount of time the IO price remains at $48-50 makes no difference.
I've seen a few small cap miners and energy firms do this, it saved their bacon a lot. Perfect example is SXY.
- Forums
- ASX - By Stock
- IO price on increase
Not really, for instance. If i was in the CEO's shoes.. If the...
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCI (ASX) to my watchlist
|
|||||
Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $692.2M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.0¢ | $481.6K | 1.946M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 838717 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 54124 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 838717 | 0.240 |
3 | 91538 | 0.235 |
12 | 483947 | 0.230 |
7 | 382763 | 0.225 |
20 | 507395 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 54124 | 4 |
0.250 | 10619 | 1 |
0.255 | 108399 | 5 |
0.260 | 214986 | 7 |
0.265 | 40000 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |