- Balance sheet remains strong (NTA per share 0.66c)
- Operation broke even from cashflow POV this half, we all knew this was not going to be spectacular however I believe the market has already priced this into SP
- 5% unfranked dividend
- No debt, more than 1/2 current market cap in cash
- Higher returns per tonne in current quarter with IO spot $138 + pellet premium and AUD weak vs last half
- Access to higher concentrate in Q4
- Possible increase in reserves in Q4
Overall looks like a good buy to me at these levels, a 2c final divvy and strong cash result for 2nd half are certainly achievable,
Surely 40c plus at the end of the financial year if they are!
GL holders
when is financial reporting ?, page-22
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $439.7M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $355.7K | 937.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 544218 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 123877 | 7 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |