Suvo might be a few steps in-front of some of the other players and have an advantage with some land being privately held, but they don't yet have a mining license which is a big hurdle to get over, then they are going to need port access, which is difficult for everyone.
They also have 10x the shares on issue as IND and only a minority holding in top 20. Above all else, IND is tightly held with strong support in the top 20 who I don't believe are going to be sellers anytime soon. So once they start exporting and generating cashflow, people are going to have to pay up if they want a slice of the pie.
Suvo might be a few steps in-front of some of the other players...
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $14.44M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $35.17K | 162.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 46 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IND (ASX) Chart |