MEP shareholders being reminded of the risks that other projects in their portfolio have for the company's overall value this morning.
Interesting to see management offer a refund to retail shareholders who have applied of the SPP off the back of the poor results being released to the market this morning.
Whilst there is certainly a level of value that MEP will at some point realise from their ownership of the Great White deposit, currently of ~50%, soon to be 25%. I believe it's a mistake to draw references to the difference in market cap's to try and highlight perceived value that may exist for a soon to be minority stake in one project that ADN own. MEP will also be up for capital contributions for their level of equity retained towards the project from (if i remember correctly) a decision to mind / DFS?
The market cap / value of ADN is made up of many factors with shareholders prepaid to value ADN on the basis of;
- Poochera (Great White)
- Coondorigne
- Mt Hope
- Camel Lake
- Other projects that the company has JV interests in which I believe may be realised over the coming 12 - 18mths to add to the cash reserves and lower future potential dilution.
- Management's significant experience and vast contacts in the sector, which other prospective Kaolin / Halloysite players do not have.
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Last
0.8¢ |
Change
-0.001(5.88%) |
Mkt cap ! $27.14M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $10.17K | 1.150M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 14954233 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 18530586 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 14691733 | 0.008 |
57 | 32111369 | 0.007 |
33 | 17288156 | 0.006 |
14 | 12806000 | 0.005 |
5 | 7400000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 17430586 | 21 |
0.010 | 10364677 | 14 |
0.011 | 27346522 | 8 |
0.012 | 30045921 | 7 |
0.013 | 2310111 | 3 |
Last trade - 14.32pm 11/10/2024 (20 minute delay) ? |
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