The impact of not purchasing Matsa would have been a far greater negative impact on the share price. Basically there would be stuff all income while Motheo came on line and the WA assets wound up. Yes, it was a large spend however it underpinned the companies ability to continue effectively trading while other mines are developed. IMO it was a master stroke to ensure longevity of the company. Those $3.30 lows were an awesome buying opportunity for the longer term outlook. The returns against those lows once debt is reduced will be outstanding IMO.
The impact of not purchasing Matsa would have been a far greater...
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Last
$8.63 |
Change
0.080(0.94%) |
Mkt cap ! $3.947B | |||
| Open | High | Low | Value | Volume |
| $8.62 | $8.78 | $8.49 | $21.53M | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 59482 | $8.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.70 | 2784 | 5 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SFR (ASX) Chart |