the valuation discrepancy is for 3 reasons - as i alluded to a few weeks ago
1- no 'diamond' sector - so no comparisons driving people to look at the stock as cheap or expensive relative to peers.
its a one of a kind on the ASX. demands a major company specific investor communication effort
2 - built a mine at a fraction of nameplate cost - but that means the asset value 'on the books' substantially understates its market value. So when deep value investors look through the annual report - the Net Tangible Asset value/share they calculate is a lot lower than it actually is
3- there's no clear line of sight on income vs outgoings. its horribly horribly obscured by the Lulo setup
eventually good results will usually turn the tide.
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Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 31257 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 0.063 |
2 | 84801 | 0.061 |
1 | 326778 | 0.060 |
1 | 431000 | 0.059 |
1 | 17240 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 31257 | 1 |
0.068 | 150000 | 1 |
0.069 | 42000 | 1 |
0.070 | 92518 | 2 |
0.073 | 10000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
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