Guys, let's do a bit of a FA reality check here!
$0.30 values the company at about $600m.
$200m+ cash in hand and the LAMP cost $800m @ a (say) 50% discount and we're up to $600m value without counting the world's best RE deposit.
Does that mean I think it's impossible to get there? No.
But let's not pretend the markets are always right. They're driven at times by herd instinct and emotion but sanitise the fact by calling it 'sentiment'. I don't doubt there is widespread manipilation too but more often IMO it's a mindless mob mentality.
How does that inform my personal investment decisions? I value this share @ considerably than the market does. I think production & cashflow will cause a rerating of the share closer to the value I put on it. I'm holding at least until the middle of next year and wish I had spare cash!
Not advice of course!
Season's greetings all, and in particular,
!!!!! HAPPY NEW YEAR !!!!!
descending triangle target 29.5c, page-40
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Last
$7.70 |
Change
-0.070(0.90%) |
Mkt cap ! $7.197B | |||
| Open | High | Low | Value | Volume |
| $7.63 | $7.72 | $7.57 | $17.44M | 2.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 482 | $7.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 6582 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |