I really like the idea of sitting on all that cash. It certainly provides a base in the share price and therefore stability. Which is probably what they want to do. Also iron ore is exceptionally volatile and they never know where IO price will go. If it tanks they've got cash to run the business and if they see opportunitys they can jump on them quick.
question, page-15
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29.5¢ |
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Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 13 | 127764 | 29.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 302574 | 6 |
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