Hi Maya,
I think the sell off is because there is now another month delay
before the biggest announcement…… the POSCO JV.
The BEOT know they have a good month to drive the SP down , scare a few retail folk into parting with shares, trigger a few stop losses and accumulate more stock for themselves.
I wouldn’t be surprised to see it go back to about $1.30 .
I am still holding 75% of my stake for the long run but personally think a capitalization of well over $4 billion is not justified at this stage. There is a lot of ‘prospective value’ built in that has not yet been realized. We are c hi urrently traveling as if we are selling 6% spod concentrate at $900 /tonne and we are not.
As the POSCO JV nears we should see $1.60 again…..
(Not financial advice …… just IMO ) .
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Last
$2.84 |
Change
-0.130(4.38%) |
Mkt cap ! $8.550B |
Open | High | Low | Value | Volume |
$2.86 | $2.91 | $2.84 | $43.32M | 15.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 456378 | $2.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.85 | 101000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 451378 | 2.840 |
19 | 557106 | 2.830 |
24 | 288599 | 2.820 |
23 | 147126 | 2.810 |
113 | 565085 | 2.800 |
Price($) | Vol. | No. |
---|---|---|
2.850 | 101000 | 2 |
2.860 | 243859 | 7 |
2.870 | 69739 | 4 |
2.880 | 280225 | 4 |
2.890 | 33141 | 6 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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