I would not say zero risk, but I would say there is an interesting risk-reward asymetry in my opinion.
At these levels, if the company ceased operations today, you would be paying 0.97 cents for 1 dollar (or thereabouts), without considering all other assets value (Southdown, expansion, I/O stocks, etc). Even with all these headwinds, the company is operating at acceptable levels... Let's hope for brighter days ahead!
I would not say zero risk, but I would say there is an...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.8¢ | 23.0¢ | $388.3K | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 650756 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105687 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |