Buying a mine.... why not just shoot themselves, the staff and the shareholders first as it would hurt less.
Three things will make this recover:
1. Commodity price falls - probability 90% - degree of fall 40%
2. A$ correction - probability 60% - degree of fall 30%
3. Gillard government removal/backtrack on tax - probability 190% - degree of fall in tax 100%
Any of the above would lead to a shorters rally and strong gains. The percentages I have added are just gutt feel but you get the idea.
iron ore mine, page-8
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Last
$19.81 |
Change
-0.250(1.25%) |
Mkt cap ! $8.722B | |||
| Open | High | Low | Value | Volume |
| $20.00 | $20.00 | $19.70 | $32.08M | 1.623M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58 | $19.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.81 | 8921 | 2 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| BSL (ASX) Chart |