Denpal, I have been one of the harshest critic of IFE (ie Finch) for some time, but at this price (MC $19m) there is significant potential - but it is high risk:
1. MUST have consent to stockpile at port and thus avoid $30m cost of purpose-built containers. If this consent is not given then forget it.
2.will still have to raise $15m or so to get trucking
3. need IO price to hold up over $100/t (giving a margin of $15+/t)
If these things can be achieved then this can be a profitable company. I think it is a coin flip and I am not that much of a gambler.... may be different if the port consent is given (where the hell is it ???)
Oh, and item 4. should have been sack Finch and get someone in who knows something about iron ore mining !!
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Last
0.3¢ |
Change
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Mkt cap ! $16.43M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $37.75K | 12.41M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2390722 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 2830747 | 13 |
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| Last trade - 15.59pm 19/11/2024 (20 minute delay) ? |
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