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?
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $358.7M |
Open | High | Low | Value | Volume |
31.0¢ | 32.3¢ | 31.0¢ | $465.1K | 1.472M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 131681 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 28097 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 131681 | 0.310 |
5 | 558014 | 0.305 |
16 | 261531 | 0.300 |
4 | 80827 | 0.295 |
11 | 339741 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 6948 | 1 |
0.325 | 44880 | 2 |
0.330 | 293796 | 5 |
0.335 | 125527 | 2 |
0.340 | 96235 | 5 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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