Really pleasing quarter....costs have come right down. Production costs for the qtr were $1.4m (annualised at $5.6m - last year annual production costs were $11.8m) so this is just money in the bank for CUE and should add $5-6m to EBITDA this year. Its looking like $15-16m EBITDA is easily possible this year which means CUE is trading at around 1.8 X EV/EBITDA compares to 2.8 x for HZN as an example....and HZN has one of the lowest valuations in the sector. CUE can double from here and still be cheap.
I understand there is a long history with this stock but it is firing now and doing all the right things. They are also drilling, so if they get a hit then who knows where the stock will trade.
Ann: Quarterly Reports for Period Ended 30 September 2018, page-2
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Last
9.6¢ |
Change
-0.014(12.7%) |
Mkt cap ! $67.07M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.9¢ | 9.3¢ | $54.18K | 564.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 137132 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.7¢ | 180909 | 2 |
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| Last trade - 15.17pm 11/09/2024 (20 minute delay) ? |
| CUE (ASX) Chart |