S32 is already already a bargain compared to peers and even more so on an EPS growth basis.
I can't say it may not get cheaper from here thanks to that Hermosa impairment. But lets put that in context shall we?
My perspective... I bought a dozen eggs. It is not ideal having 1 egg broken (Hermosa) out of 12 in the box. I'll save the broken egg for an omelette in the near future. But it definitely doesn't warrant throwing the whole box into the bin. Specially when you bought the box/S32 at a bargain and planned LT investment.
Finally for a laugh... What were these guys smoking on the Hermosa site visit last month!
Ann: Hermosa Project Non-Cash Impairment, page-20
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Last
$2.91 |
Change
-0.050(1.69%) |
Mkt cap ! $13.18B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.97 | $2.89 | $61.84M | 21.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 57447 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 22358 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| S32 (ASX) Chart |