Thanks Geoff, always great to get insight into the rationale of Brokers - the way the current bumper crop has been pulled out of the low fertilizer input hat will delay the rebound in demand. No point pretending we are off to $450/T again in the immediate future without a change in the status quo. The rubber band will only be stretched tighter the longer it takes though - next move up will overshoot imo as a result (will be a good sell down point) - when? who knows - if all goes swimmingly with Ag markets it still can't go 2 years before demand creates higher prices, and since when does anything go swimmingly? - as the rubber band stretches a crisis could send it nuts at anytime. What crisis you say? lol If you think Gold is the ultimate safe haven in an inflationary environment think again - food will be gold.
Having said that the lower end of that range will still see us get a start in the market, the upper end could well mean full production. Either outcome I can live with and will still cause a rerate of Mak SP. The Lack of a valuation for Bon is not surprising - unproven method. Doesn't sound like rocket science though and smart money will not wait till Wonarah is already in production and Sandpiper feasability study is completed - never does.
So when Mak goes nuts for no reason at all again -( haven't forgotton at all the last irrational run to 70c) - we will more than likely read the reason 2 months later.
- Forums
- ASX - By Stock
- AEV
- rock phosphate rises to $110 us fob morrocco
rock phosphate rises to $110 us fob morrocco, page-16
-
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEV (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $29.74M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $19.80K | 1.774M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1796544 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 1000000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1796544 | 0.011 |
5 | 4125002 | 0.010 |
7 | 3592722 | 0.009 |
4 | 767999 | 0.008 |
3 | 4533000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1000000 | 1 |
0.013 | 1731076 | 5 |
0.014 | 3543982 | 11 |
0.015 | 774172 | 6 |
0.016 | 11160352 | 15 |
Last trade - 15.01pm 06/09/2024 (20 minute delay) ? |
Featured News
AEV (ASX) Chart |