I agree with you Meister that ultimately FA should be the basis of one's investment decisions, I always look at TA as a complementary tool to see where we are in the cycle and to give me further clues of upside/downside potential.
Assuming MB has got this story right - and I believe he has; and assuming he executes the way he should - which I believe he will; then GEV is ridiculolusly cheap at current prices.
Another deal or two and ABS approval should see this share price comfortably through the $1 level. Prior to that occuring, we will already have offshore institutional support. And given where LNG was at its evolution and where GEV is today, I think it's safe to conclude that GEV has a tighter register and a story requiring much less capex and that is unaffected by the natural gas price. Consequently, a market cap of $1bn+ this year would not surprise.
Now even given an additional placement or two, you tell me where the share price will be if that occurs.
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $11.35M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.8¢ | $17.85K | 936.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 418800 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 12500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 418800 | 0.017 |
6 | 442706 | 0.016 |
1 | 1000000 | 0.015 |
1 | 100000 | 0.005 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 12500 | 1 |
0.020 | 28473 | 2 |
0.022 | 63835 | 2 |
0.023 | 271738 | 2 |
0.025 | 9624 | 2 |
Last trade - 15.04pm 17/09/2024 (20 minute delay) ? |
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PV1 (ASX) Chart |