Well, with under 2 weeks to go and NO mention of nameplate, NO mention of production at break even (even 750t PM would have been something!), NO mention of finance deal for Sojitz loan. In fact no mention of anything apart from the sudden departure of a technically respected CEO (remember all those posts when appointed about what a great catch it was for him to be CEO?). Could it be that May production was less than April?
Mr Market says "not impressed thus far". I'd not be holding high hopes of good numbers in the production report in 2 weeks time, nor the fiscals in July. Profits from the CR are evaporating almost daily. There could be selling pressure over the next few days to take a few $ off the table from the CR, plus of course EOY balancing.
Plenty of opportunity for those who wish to top up / average down a little more, or take a punt.
nameplate capacity, page-30
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Last
$5.91 |
Change
-0.200(3.27%) |
Mkt cap ! $5.524B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.10 | $5.91 | $18.42M | 3.081M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 32084 | $5.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.92 | 4688 | 3 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |