Nordesmic,
Yes good call nordesmic. I just glanced over the announcement so can't speak to any specifics, but my immediate thought was that they are going down the great cash give away path again. It seemed to work for the share price before so why not try it again while you are generating a bit of cash. The long term intention to establish a 60% of NPAT payout ratio should keep the punters interested. Unfortunately this stock is not for me as I've never been impressed with the quality of the mines and it probably wouldn't take much to cause the operations to get the wobbles again. I'm not a big fan of large tonnage low grade operations particularly in the hands of mid-tier or junior miners. Good luck riding the share price up, but have an exit strategy ready and keep an eye out for who might be selling into this current pump. The last rally in January made it to $2.20. I'd suggest that if it makes it that far again you should take time to reassess your strategy then.
Eshmun
Nordesmic, Yes good call nordesmic. I just glanced over the...
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Last
$2.54 |
Change
0.015(0.60%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.51 | $2.271M | 898.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 47426 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 66215 | 37 |
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| Last trade - 14.40pm 03/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
