i don't think the damage is permanent, this thing already traded on a low multiple (reflecting the country and counterparty risk imo). I reckon the market wants clarity the counterparty is still ok, words don’t count for much as what else were they going to say. I’m hoping after 1-2 quarterly’s and the new production comes on line we’ll be back towards $2. There is also the fact commodities rallying (coal for fuel and the nickel ore we have to buy) doesn’t help us, obviously offset on the price we sell for but its a margin business not a pure commodity play
i don't think the damage is permanent, this thing already traded...
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Last
82.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $3.514B | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 84.5¢ | 81.8¢ | $2.873M | 3.469M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 180951 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 105428 | 4 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |