Genuinely curious but have they historically held over 3/5 of their market cap in cash (and receivables) and with the iron ore price at $125+ (plus the premiums) and traded at the current share price? I recall 2 years ago when the IO price was a similar level cash levels were close to half the market cap and the share price was about 70c+. I don't really see why it this shouldn't be a 60c stock at the moment. I guess we'll know more next week.
Genuinely curious but have they historically held over 3/5 of...
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.9M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 30.0¢ | $499.4K | 1.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 408136 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 79729 | 6 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| GRR (ASX) Chart |