Ah!! I think you have the wrong end of the stick.
I am not interested in pumping up or bringing down anyone.
Pure economics mate. IRD are a low grade magnetite play. They will never be in competition with any of the big three in WA. Simply because they could not compete. I does not matter which magnetite miner it is, Sino Iron, Gindalbie.
All are struggling to turn a profit in a bear commodity cycle. Even after pumping millions of dollars into their process, they are still operating at a loss.
Falling IO price means that the only ones that can withstand it are low cost IO producers.
No need for me to take down IRD, because they are still a speculative start up IO company.
There is nothing to take down. The board and management already know the harsh reality of which i speak.
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Ah!! I think you have the wrong end of the stick. I am not...
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Mkt cap ! $54.92M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 6.0¢ | $3K | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28797 | 5.8¢ |
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Price($) | Vol. | No. |
---|---|---|
6.0¢ | 10352 | 1 |
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No. | Vol. | Price($) |
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1 | 10000 | 0.068 |
1 | 10923 | 0.065 |
1 | 10000 | 0.055 |
1 | 19588 | 0.051 |
2 | 360000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 108459 | 2 |
0.085 | 124933 | 2 |
0.090 | 111119 | 2 |
0.100 | 1206 | 1 |
0.105 | 70000 | 1 |
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