What makes investing so interesting is that one can share the same view but come to different conclusion. I have no doubt that PhotonAssay will take over Fire Assay. When is the main question for me. As to the capital intensive and the 30/40 ROIC on a per machine basis, this is an excellent point. Wonder why they needed that recent capital raise and have been looking for a big loan since going public. Establishing a global service network is quite expensive. Their concept is similar to SAAS favored by software companies except that the incremental cost of selling some software is close to 0 which is not the case for a leasing model.
Anyway, another thing that bothers me 36 millions+ shares will come out of escrow in a week time, with huge gains embedded. No idea if these insiders will sell or monetize their investment. But one should be aware of this.
GLTA
What makes investing so interesting is that one can share the...
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Last
$5.85 |
Change
0.170(2.99%) |
Mkt cap ! $672.5M | |||
| Open | High | Low | Value | Volume |
| $5.67 | $5.92 | $5.64 | $2.367M | 405.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 300 | $5.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.85 | 777 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$5.84 |
Change
0.170 ( 3.02 %) |
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| Open | High | Low | Volume | ||
| $5.64 | $5.92 | $5.64 | 72118 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| C79 (ASX) Chart |