Cars whether they are oil powered or electric will be a main stay. As will idiot drivers crashing into each other.
Mining employs less than 250,000 people in Australia. Even a drastic downturn would only see say 50,000 no longer employed. Australia sells over 1,000,000 new cars / year and has nearly 10,000,000 cars on the road.
In any case this is not a macro economic play, this is a play on one driven (no pun) ceo that appears to be in the right place at the right time.
Think Paul Little in 1989.
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Last
6.5¢ |
Change
-0.001(1.52%) |
Mkt cap ! $286.9M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.5¢ | $5.055K | 77.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32590 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 586196 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 59761 | 1.050 |
3 | 2596 | 1.045 |
3 | 3726 | 1.040 |
2 | 2898 | 1.035 |
1 | 50000 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.055 | 77023 | 3 |
1.060 | 53603 | 4 |
1.065 | 51503 | 3 |
1.070 | 2503 | 1 |
1.080 | 1158 | 1 |
Last trade - 10.00am 26/11/2024 (20 minute delay) ? |
AMA (ASX) Chart |