Attractions.
She has short legs - so not far to travel to reach the end zone (small amount of shares on issue held very tightly - Any run is usually swift & large - Also a negative when things are unattractive (haven't shaved their legs)
Potential large resource - Although like other Aussie miners hermatite keeps turning into magnitite (not great still ok but need double the resource
Potential takeover - New MD has history plus small shares to aquire - Even at $1 it will cost you only $150m pretty cheap. Thats a huge premium to current price
Coal - If could get a deal done
Russians - 20% stake - If want to impove the investment need to cough up more cash
Problems -
Tight register leads to no buying & selling - Not many know of the stock.
No significant news due soon & by soon I mean couple of years - Project is years away
Buru coal - Was to be the cash supply to Peru - Looks dead in the water deal unlikely according to Qtrly (may miss the coal boat as well as the IO boat).
Russians - If they bail register
How about those thoughts & some from your self Dobebite
passing time, page-2
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.931M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24670 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 4161 | 1 |
View Market Depth
| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
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