You are right, the audited final Half accounts have a lower...

  1. 2ic
    5,923 Posts.
    lightbulb Created with Sketch. 4978
    You are right, the audited final Half accounts have a lower EBITDA than the Qrtlys. Not so large but a small negative and acceptable that final accounts will be massaged a little bit one way or another I suppose.

    Let's face reality though, this stock is a gamble not an investment at this stage. Nifty needs to keep moving it's grade higher into the large >2% Cu resource similar to the >2% head grades being put through the plant before they took over with a disastrous plan to mine the low grade remnants. The resource, reserve and historical production right up until Sep 2016 all says it can be done. The copper price  is a lot higher in AUD than back in 2016 but so are the costs. A lot of money on new capital equipment etc hopefully will get things working. The engineering boffins convinced Renison to build a new 3 way crusher/screening system and install ore sorters at great expense and inconvenience. If they are right, and they did it all for a reason obviously, the mine should make a step change in mining efficiency and profitability all things being equal. But all things are not equal, they are developing into the fantastically high grade and thick Leatherwood and Area 5 which will be a lot more profitable, especially with the tin price still rising. However, time and cash is running out and the market are on tenterhooks as proven yesterday.... place your bets
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
57.0¢
Change
0.025(4.59%)
Mkt cap ! $505.2M
Open High Low Value Volume
55.0¢ 58.0¢ 55.0¢ $2.022M 3.573M

Buyers (Bids)

No. Vol. Price($)
2 19522 56.5¢
 

Sellers (Offers)

Price($) Vol. No.
57.0¢ 50000 1
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
MLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.