I did some figures on SAU/SNU. Please correct me if I made any errors.
SAU's 39% holding in SNU is worth $9million (39% of $23 million) at the issue price of $0.20 .
SAU has recently run from approximately 47 cents (market cap $27million) to today's price of 62 cents (market cap $36 million). This is an increase in SAU's value of $9 million, equal to their SNU holding at issue price of $0.20.
Therefore, judging by the recent run in SAU, the market is 'guessing' that SNU will double in value, i.e. rise to $0.40 per share.
I personally think that SNU will rise higher than this, and therefore SAU should continue to rise also.
The comments made my South Australia's Premier Mike Rann has had a very positive impact on South Australian uranium companies today such as AGS and ADN. Should help SNU also. I also think that SNU has better prospects than NUP which closed up 400% from its issue price on the opening day.
I hold SAU.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.502M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $5.435K | 452.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2791393 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 2128208 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2791393 | 0.011 |
3 | 1691200 | 0.010 |
3 | 671111 | 0.009 |
4 | 1005450 | 0.008 |
3 | 942857 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 2128208 | 4 |
0.014 | 1704500 | 2 |
0.015 | 1600001 | 3 |
0.016 | 579705 | 2 |
0.017 | 100000 | 1 |
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