If you are worth $1,000 and I pay you $500 in return for half your future earnings, does that mean your value has increased? You have to spend the $500 on improving your earning ability, and I don't have to share half your expenses. So I don't think your worth has increased. Then if someone else loans you $500, so that instead of having $1,000 in assets and zero liabilities, you have $1,500 in assets and $500 in liabilities, has your value increased? Of course not.
What Ioneer is worth is what the market says it is worth. The market takes into account all the uncertainties, including when production might start; how much capital must be invested to get to that point; and the price of lithium and other products at some future date. That, in turn, depends on how many other miners have commenced or increased production, and whether alternatives to lithium (for example, sodium ion batteries for some applications) gain market share. If you are optimistic about Ioneer's prospects, you no doubt believe it is undervalued. But if you are realistic about the risks, you understand how the market has arrived at its decision.
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $337.9M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 15.5¢ | $423.9K | 2.630M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 391288 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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16.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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6 | 391288 | 0.160 |
66 | 1115312 | 0.155 |
24 | 881028 | 0.150 |
10 | 677531 | 0.145 |
15 | 628931 | 0.140 |
Price($) | Vol. | No. |
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0.165 | 50000 | 1 |
0.170 | 790887 | 17 |
0.175 | 220714 | 4 |
0.180 | 779309 | 7 |
0.185 | 372438 | 10 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 28/03/2024 ? |
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