I wonder if management will now say another consolidation is required to attract institutional investors given that it will likely fall under 20c.
given that china has 100 million vacant houses built with iron ore, and only consuming 10million units last year means they don't need to build any houses for the next decade.
would institutional investors really want to invest in an industry with this outlook.
during the good times the Australian government did not save any of the royalties for a rainy day so their books are also likely to be impacted.
what should happen?
move this project into care and maintenance for the next 3yrs
I wonder if management will now say another consolidation is...
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Last
20.0¢ |
Change
-0.030(13.0%) |
Mkt cap ! $20.46M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 19.0¢ | $95.53K | 465.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10975 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 52538 | 2 |
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| Last trade - 15.34pm 03/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |