I guess that you are not greasing the wheel Stump. Stocks like these only go to the brokers most profitable clients.
I went through the prospectus and since this is a small share issue, although this is primed for a follow-on capital raising and exit opportunity for management attractive 8x multiple, the questions I have are:
- there was not enough information on future/tendered contracts. Does any one have any more information here;
- exposure/specialist to two commodities (gold and nickel), and the hope to use their expereince to expend their opportunities (in a market that getting full of explorers becomeing producers does this not raise issues for potential cost issues on contracts - who wants a company learning the ropes as costs are escalating);
- the mid cap producer exposure; and
- although claiming to be an international player, it is really only has Australian contracts;
What happens when gold corrects and construction contracts are cancelled, and/or what happens when miners put a bit more pressure on the services sector to extract profits.
Maybe a valuation of $1.94 gets it to a 15 - 16x multiple, but I would have thought for a company of this size and limited contracts that the multiple should be a bit lower.
- Forums
- ASX - By Stock
- GNG
- macquarie releases research report
macquarie releases research report, page-3
-
- 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)
Featured News
Add GNG (ASX) to my watchlist
|
|||||
Last
$1.86 |
Change
0.000(0.00%) |
Mkt cap ! $309.6M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7000 | $1.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.86 | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7000 | 1.950 |
2 | 27217 | 1.930 |
1 | 5000 | 1.920 |
3 | 6562 | 1.900 |
1 | 5319 | 1.880 |
Price($) | Vol. | No. |
---|---|---|
1.860 | 15000 | 1 |
1.865 | 1738 | 4 |
1.875 | 1840 | 1 |
1.880 | 5008 | 2 |
1.900 | 6479 | 4 |
Last trade - 10.02am 22/08/2024 (20 minute delay) ? |
Featured News
GNG (ASX) Chart |
Day chart unavailable