The comment is based on Mt Cattlin historically being at the wrong end of the cost curve for spod producers - a very bad place to be when prices are falling, a huge reduction in reported margins over the last quarter, and locking in weaker contract prices for 2019.
I'm sure the numbers will get better with the upgrades coming online but, the number in the last quarterly aren't great, and as a result it's certainly not the market darling at the moment.
Obviously GXY is massively undervalued at the moment. My point was that I think the impact of poor sentiment impacts Mt Cattlin a lot more than SDV.
Why GLN could be one of the best baggers on the ASX IMO., page-112
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $60.50M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $710.6K | 5.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 2006031 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 103838 | 5 |
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| Last trade - 14.38pm 03/12/2024 (20 minute delay) ? |
| GLN (ASX) Chart |
