Australia's largest stock trading and investment forum Australia's #1 stock forum

CAP

Click for more information

6.00%

9.4¢ carpentaria resources ltd

The IO price will quickly shoot back up to $200 once China gets...

First 517 Last

Share
Profile

Follow
rossant

283 Posts.

64

12/08/21

11:36

Post #: 55230268
Share

Originally posted by Jenkstar: ↑

Now the CR is done & BFS is underway, CAP is under no time or funding pressure to negotiate offtake agreements and this means they can hang out for best terms. That may mean we won’t see anything for awhile but when we do they should be better terms.

Sentiment in the market for all IO stocks is at a low compared to recent times, and the “green” premium is yet to hit the markets. Lots of talk about extra value in the press and we are starting to see institutions looking at companies green credentials but this isn’t being translated into SP as yet. Imo this may take a couple of years.

Hopefully we will see SP kick at bit in coming weeks as IO prices either stabilise or rise a bit.

Expand

The IO price will quickly shoot back up to $200 once China gets their Delta outbreak under control & lifts their lockdown. Probably a couple of weeks at most.

Coking coal continues to rise & our dollar has actually remained steady, not dropping really, so there’s nothing to suggest the substantial decline in IO price recently is attributed to anything but their unfortunate lockdown.

Last edited by rossant: 12/08/21

CAP Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 213 more messages in this thread...

First 517 Last

Add CAP (ASX) to my watchlist