Retail won't be enough to drive the sustainable SP growth we believe it deserves - it needs instos and sophs, but they would be nervous about the current short mine life, no safety net and a NPAT wholly dependent on the vagaries of the IO price, which could collapse, no matter how short term that may be, should the Chinese sneeze because Australia pees on their birthday cake - figuratively speaking!
As has been posted before - forget dividends, the company needs to use the cash for a clever acquisition that prolongs their life, hopefully with lots of high grade IO over a 10+ year mine life.
If they pay divies it will be like putting their hands in the air IMO.
All just guess work and speculation - who knows?
Cheers and GLTA
Cabe
next boat, page-478
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $183.7M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 25.0¢ | $103.5K | 409.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 438943 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 112499 | 2 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |