I thought about that as well for a while !! Mind you I think they did the responsible thing. They have expertise in bauxite, and they are a very long way off determining if this type of rare earth deposit will be able to be a profitable, commercial venture for The Company and it's shareholders. The price per tonne of this type of rare earth sells for a very handsome price, but they don't know how much they have yet .... nor the total costs to mine.
So in summary, I think it was responsible for ABX to let the market know they have found some rare earths, and yhat they intend to investigate the potential profitability. I also think it was responsible not to mark the latest Ann as price sensitive... they have a vast amount of work to do before they decide if they will proceed to mine. In this case, I would hope the Company takes the time to scrutinize and completely understand the rare earths market first. A caveat before they proceed to mine this time, should be to lock in watertight forward dated sales contracts. They have been screwed before on bauxite deals so this is a key milestone to enter this new market IMO.
GLTH
- Forums
- ASX - By Stock
- Ann: Trading Halt
I thought about that as well for a while !! Mind you I think...
Featured News
Add ABX (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.2¢ |
Change
-0.002(3.70%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.0¢ | $19.06K | 367.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28103 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 115655 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28103 | 0.051 |
1 | 7140 | 0.050 |
1 | 52006 | 0.049 |
1 | 22000 | 0.048 |
1 | 21760 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 115655 | 1 |
0.058 | 10000 | 1 |
0.060 | 106456 | 2 |
0.062 | 82465 | 2 |
0.063 | 100000 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
5.1¢ |
  |
Change
-0.002 ( 7.27 %) |
|||
Open | High | Low | Volume | ||
5.4¢ | 5.4¢ | 5.0¢ | 40026 | ||
Last updated 15.59pm 24/05/2024 ? |
Featured News
ABX (ASX) Chart |