MEP 0.00% 20.5¢ minotaur exploration ltd

MEP or ADN, page-873

  1. 290 Posts.
    lightbulb Created with Sketch. 64
    With respect I disagree.
    MEP is not undervalued. Whilst trite to say unless the market is uninformed (which I have no reason to believe is the case) the market is always right.
    Comparing ADN and MEP simply on the basis of the value of their JV interests totally ignores the fact that they are very different companies.
    ADN will (all going to plan) soon be a producer with a strong cashflow, MEP will be an explorer with a strong cashflow. Not the same. The market knows this and is pricing the shares accordingly.
 
watchlist Created with Sketch. Add MEP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.