TZN has increased by 70% in 8 trading days based on today's intraday high with very few posts. I have to admit volume is very low but it's looking promising on a undil. market cap of $10.8m @ 5c. Very little selling pressure is indicative of a sit-tight policy in this quarter.
EBITDA of $4m & revenue up 21% in the year ($31m) despite the downturn in prices. A hedging program amplifies the certainty of cash flow. Yet, the loss of $56m for the half year is the cru, mostly due to a $38m impairment charge.
I guess we'll know more when the interim financial report will be released at the end of the month.
High risk/reward here IMO and the Quarterly does imply confidence but we do need a commodity turnaround and fairly fast. The AUD is also in the wings.
Market cap is cheap for me, but it can get worse.
Ann: 2nd Quarter Report 2012 , page-11
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 11.0¢ | 9.8¢ | $58.89K | 576.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78103 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 995075 | 6 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| TZN (ASX) Chart |