Abalone...patience required.
Evryone getting back in iron ore stocks they dumped when IO price was falling.
I was a buyer at 31 earlier in the week.
Problem is whether Xstrata will proceed with Wandoan. Also whether Glencore merger with Xstrata actually happens, may impact the entities decision pump funds in more coal development.
If Xstrata goes ahead then every coal around it will re-rate, SMR is next door.
Alot of ifs, hence why no buying is occurring. Money will wait for the news first.
Abalone...patience required.Evryone getting back in iron ore...
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Last
$2.36 |
Change
-0.090(3.67%) |
Mkt cap ! $2.127B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.45 | $2.35 | $5.635M | 2.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 27687 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 9777 | 3 |
View Market Depth
| Last trade - 16.13pm 25/07/2025 (20 minute delay) ? |
| SMR (ASX) Chart |