Bought more yesterday. I could not resist. High insider and institutional ownership around 38%. Maybe a US investor is selling due to US political risks. Fundamentals seem tremendous. My target is $2 billion market cap based on cash flow projection x reasonable multiple so 3 to 4 bagger. Upside for phase 2 will come into play when CIA can increase borrow by $100M to fund engineering and long leads. Look for a $300M placement to occur if the SP goes to $3.00/sh. Once ph 2 is up then SP of $5.00/sh seems reasonable for an exit strategy. Let's see if it all works out. I can envision better and worse scenarios so that is my p50 investor case with a 2 to 3 year time frame.
Ship Schedule update, page-22
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Last
$7.30 |
Change
0.500(7.35%) |
Mkt cap ! $3.782B | |||
| Open | High | Low | Value | Volume |
| $7.04 | $7.46 | $7.04 | $28.85M | 3.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3006 | $7.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.31 | 7875 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CIA (ASX) Chart |