Yep, i thought it good value at higher prices. Example, thought it good value at $1. If anything had materially changed in the broader market opportunity or specifics of the business, then i’d maybe revise that view. The only thing that really changed in my view was the cyclical decline in the project’s commodity prices and the higher cost of funding. The EV story IMO is intact, there has been no downgrade in the quality of the asset. The cost of developing the asset has gone up BUT ultimately that is more of an issue for low quality projects/assets, with higher life of mine op costs. If you have potentially very low op costs over a very long life asset, in a constrained capital world you become relatively more not less valuable. So, i thought good value at a dollar. I think screaming value at 50c. If you are BHP or Glencore why risk investing upwards of $240m if you could take this out for a fraction of the price. IMO with the rate cycle looking like it’s peaked this will be of real interest to equity partners, and if none step up will be taken out at well in excess of a dollar. So, it’s about risk-reward, bot some reliable forecast of a share price. Very, very considerable upside, for little downside now that the market cap id under 25 percent of invested capital
- Forums
- ASX - By Stock
- SRL
- General data
General data, page-974
- There are more pages in this discussion • 388 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRL (ASX) to my watchlist
(20min delay)
|
|||||
Last
48.5¢ |
Change
0.015(3.19%) |
Mkt cap ! $43.76M |
Open | High | Low | Value | Volume |
47.0¢ | 48.5¢ | 45.0¢ | $19.56K | 42.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.5¢ | 7978 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 0.440 |
1 | 18972 | 0.420 |
4 | 17143 | 0.410 |
4 | 24777 | 0.400 |
1 | 2702 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.485 | 7978 | 1 |
0.495 | 263 | 1 |
0.500 | 1200 | 1 |
0.510 | 2120 | 1 |
0.515 | 1000 | 1 |
Last trade - 15.59pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
48.0¢ |
  |
Change
0.015 ( 0.02 %) |
|||
Open | High | Low | Volume | ||
47.0¢ | 48.0¢ | 44.0¢ | 8354 | ||
Last updated 15.59pm 05/06/2024 ? |
Featured News
SRL (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
Previous Video
Next Video
SPONSORED BY The Market Online