Understand what you're saying but it's already down from $23.20 ot $14.86.
At $10, it would be worth $650m with $100m cash in bank, EV $550m for a company that stands to make that much annually in production. There would be TO offers flying left right and centre if it got down to that level
Why would Regal dip in more at the recent CR to the amount of $14m at $17 when they could have just shorted it down to $10 as you say and hoovered up all the shares. That's because they see value at $17.
You are assuming we have had the top before we go through the lull period all the non holders are talking about. It has been discussed here at length that we are not overvalued. With an initial MRE and Mets results out and broker valuations of $28, I'd say we'll see $30 before seeing $10
General discussion, page-11095
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Last
$14.50 |
Change
-0.470(3.14%) |
Mkt cap ! $940.5M | |||
| Open | High | Low | Value | Volume |
| $14.77 | $15.00 | $14.32 | $2.470M | 170.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 533 | $14.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.52 | 1748 | 2 |
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| WA1 (ASX) Chart |