A little perspective around the falling io price. If the price drops to the point, when we are in our new deal with Pilbara, that we are only making say $25 a tonne, (given our premium for quality and lump this is unlikely) at current trucking rates that is still $50 million a year profit. There are many many companies, not just miners, who would love to be making 16 cents a share or thereabouts profit.
Worst case scenario, part way through next year the io price drops below our mandated $10 a tonne profit (again highly unlikely) and we are put on care and maintenance by then we would have $60 million plus in the bank or roughly 20 cents a share to return to shareholders. After the dividend the sp would drop to where it was before this bull run started, 6-8 cents. Many of us would use the dividend to buy more shares in readiness for the next bull run which will happen at some point.
All up, things aren’t that bad.
- Forums
- ASX - By Stock
- GWR
- massively undervalued
massively undervalued, page-106
-
- There are more pages in this discussion • 10 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 GWR (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.73M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 278275 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 276612 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 278275 | 0.076 |
1 | 41666 | 0.072 |
1 | 14285 | 0.070 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 276612 | 1 |
0.085 | 200000 | 1 |
0.091 | 1260 | 1 |
0.095 | 107746 | 1 |
0.100 | 91375 | 2 |
Last trade - 16.12pm 30/07/2024 (20 minute delay) ? |
Featured News
GWR (ASX) Chart |
Day chart unavailable
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online