The benefits of the higher IO price will be reduced due to the rise in costs from $40 to $48-52. This is a result of all the overhead now being allocated to a smaller volume.
Management need to do something to justify their existence or risk eroding shareholder value while we pay for them to sit around doing not much at all.
I have changed my sentiment to hold and am starting to rethink my original investment thesis.
The benefits of the higher IO price will be reduced due to the...
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
