Look, at the end of the day VAU will, like a few others in the doldrums, outperform. We are just not there yet. Investors as a whole rarely get things right and if you want any proof of that, look the March qtr financials of EVN compared to RMS and tell me why in hell RMS had 1/5th the MC of EVN.
That's not to say that EVN's MC is unjustified, it is merely to pint out that RMS just pulled in $223m in underlying FCF and has similar CoH, no debt and just over half the float.
VAU will at some point hopefully go shotgun as long as Tonkin can keep his hand off the hedge button,and that combined with Sugar and KoTH ugrades, VAU will break a buck and who knows from there.
VAU Price at posting:
45.8¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)