Todays dump offers excellent value in my view.
6.812 billion shares on issues less the 412 million from SLR gives a net 6.4 billion shares. At $0.38 I get a market cap of $2.4 billion.
Combined cash & inventories should be around $400 million by the end of the quarter leaving an EV of around $2 billion.
Combined reserves are now 4 million, giving a reserve value of just $500 an ounce when margins are closer to $1500 an ounce.
Add in resources of 12 million ounces plus 4 plants for free.
Question is was today's dump anything to do a material change of ownership at Spartan?
I note the chair SPR Rowan Johnston used to work at Integra before it was taken over by Luke Tonkin at SLR.
Note sure if there is a link, but the today's dump seems very strange in what is an otherwise pretty quiet gold market.
GLTA/IMHO
Way Forward
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VAU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $2.516B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.0¢ | $8.665M | 23.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 418273 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 611282 | 24 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| VAU (ASX) Chart |