Do you have a theory for the valuation or a catalyst for a rerate?
I know some folk are uncomfortable with the 48% Chinese ownership. If they are good managers and not crooks, I personally have no issues. I am actually comforted by their apparent lack of ambition to grow significantly.
The growing cash pile also is starting to cause some friction. Unless management are crooks, it is a good problem to have.
The price of iron could fall by 50% and they would still be profitable, so while that would fix the PE, it would not be an existential risk.
Anything else?
Pellet Price, page-585
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $434.0M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.8¢ | $355.7K | 952.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 61833 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |