The benefits of the higher IO price will be reduced due to the rise in costs from $40 to $48-52. This is a result of all the overhead now being allocated to a smaller volume.
Management need to do something to justify their existence or risk eroding shareholder value while we pay for them to sit around doing not much at all.
I have changed my sentiment to hold and am starting to rethink my original investment thesis.
The benefits of the higher IO price will be reduced due to the...
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |