It's very cheap isn't it? 98m market cap post-consolidation of Phosphate Resources, 51m net cash. 23m net profit in calender year 2014 when you add the minorities in. So that's ~4x P/E and it's less than 2x EV/EBITDA. And it's totally under the radar.
Seems to me that the only catch is the risk that the government tries to shut them down on Christmas Island - is that a concern? Sure, they got their mining license extended to 2034, but it sounds like there is still significant opposition to their operations. Any thoughts?
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Last
$1.00 |
Change
-0.080(7.41%) |
Mkt cap ! $115.5M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.00 | $3.643K | 3.581K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 5000 | 1 |
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| Last trade - 15.46pm 09/08/2024 (20 minute delay) ? |
| PRG (ASX) Chart |