Misunderstood your meaning there mate - I see what you are saying and tend to agree, but still believe (from a company prospective - not worldwide production prospective) that the reserves for all companies are the future and will ultimately be the gauge that they will be judged by.
It's funny - in a declining market exploration (or R&D in the case of industrial Cos) is the first thing to be chopped from the budget. I have personally never understood this, as I see the future as everything - look at Apple as a Co that never fell into this philosophy.
The tide is turning though, the old school are stepping back and a new breed of young CEOs are taking their place - let's hope they have the foresight of a Steve Jobs or other thinkers in the business community the see the future (planning) as the most important facet of business - longevity.
Bit of a ramble but hey - I am on holidays drinking!!
Cheers
Misunderstood your meaning there mate - I see what you are...
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |