Don’t know about the “bad memory” MIStragic, l think I’ll look back at the end of the year and reflect on what a great manoeuvre it was. While the SP looks sad, if you gross it up by the dilution factor, it becomes 34.5 cents pre CR.
So we have a SP of, as l write, 22 cents with A$125 mil of ‘free money’ on our balance sheet. Plus the A$14 mil cash at the end of last Q. And with the current PoG I estimate that we should bag around A$10 mil of free cash flow each Q.
There’s plenty of breathing space here while the the financial mayhem plays out. In a credit crazy world cash will be king.
Ann: King of the Hills Final Feasibility Study progress update, page-8
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Last
34.5¢ |
Change
0.010(2.99%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 35.5¢ | 33.5¢ | $13.13M | 37.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1581988 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 605979 | 8 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |