We're coming out of a bear market in commodity stocks that some have called generational for its severity: all down 60% to 90% over the past 2 years. For a company with cash its a golden opportunity to acquire quality assets at fire-sale prices and Intrepid now has a considerable war chest. It's premature to bail with the stock trading at a discount to cash. Why sell a dollar for 90 cents? The key decision point is when Lowe announces an acquisition/partnership. Then some hard numbers can be put around the prospects for this company and a decision made to either hold or move on.
We're coming out of a bear market in commodity stocks that some...
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $184.2M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.5¢ | 31.5¢ | $261.7K | 817.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 153427 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 107009 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| A1M (ASX) Chart |