Why hasn't the price risen in response to the change in pricing index?
As per custeel the 65% index is $USD13 dearer than the 62% index - that's almost AUD$20.
Times that by 2 million tonnes in sales and you've suddenly got another $40 million in sales on a per annum basis.
What am I missing - shouldn't this alone rerate the stock forgetting fact they've generated $50 million in cash after paying out $23 million in dividends over the last 12 months.
Why hasn't the price risen in response to the change in pricing...
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24.5¢ |
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Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 24564 | 24.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 261098 | 6 |
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