IMO, taking a profit is a good and sure thing. Make no mistake Tcb007 and Eshmun are alike. Rampers at all costs in stocks that they hold before selling then they do a Jenner to stay in the spotlight.
Mt Magnet is still a low-grade mature mine and graveyard for many, read between the lines in the quarterly – several reasonable production quarterlies do not define a resurrection, only cherry picking of very deep ore blokes that are all but depleted.
Lower production ounces and lower grades next quarter = escalating ASIC costs as forecast by the A-team.
Don’t forget the past in predicting future possibilities. KV and Vivien are a long way from being fully funded let alone producing profitably at this point of time. A lot can still go wrong and most likely will. Balancing the view, DYOR please.
IMO, taking a profit is a good and sure thing. Make no mistake...
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Last
$1.89 |
Change
0.020(1.07%) |
Mkt cap ! $2.134B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.92 | $1.88 | $491.2K | 259.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 9914 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 14448 | 13 |
View Market Depth
| Last trade - 10.42am 31/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |