Why would a research facility the size of Macquarie bother initiating coverage on a 15c stock and give it a 12 month target of 15c and also state 09 earnings under pressure given the expected zinc price decline??
It's beyond me!
Mind you the valuation on the technology appears to be the unknown here and whether that can morph into earnings.
macquarie research report, page-4
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Last
40.5¢ |
Change
-0.025(5.81%) |
Mkt cap ! $76.87M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 40.5¢ | $62.01K | 148.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4234 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 10701 | 1 |
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| SDV (ASX) Chart |