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$4.90 tribune resources limited

Ann: Quarterly Activities & Cashflow Report - June 2020, page-33

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dwayne pipe

2,354 Posts.

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15/03/21

19:36

Post #: 51783131
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Originally posted by jogo: ↑

Unfortunately, the financiers, investment houses, fund managers etc appear to be negative towards TBR, even before the EKJV litigation, and without their encouragement the average mug does not participate.
At the end of the day, real value will come through but what valuation measure will apply? Not those that the market follows for other gold producers supported by the financiers, investment houses, fund managers etc but probably more typical financial measures such as NTA, PE, div. yield etc.
With a PE of 6.17 and a yield of 4.04%, TBR is certainly not considered a growth stock. With an EV to Resource of $35/oz at a gold price of A$2000, it is also valued as if it were a high risk early stage explorer. The EV to Reserves is better at $309/oz (again at POG=$2000) but that is more a consequence of the reserves being fairly low at this stage. The EV to Production of $891/oz puts it at the 3rd from bottom on my tracking spreadsheet, just in front of MML while RND has a negative EV but is in the AB stable as well.

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They are holding a heap of gold, so they are very much aligned to the spot price.

TBR Price at posting: $4.96 Sentiment: None Disclosure: Held
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(20min delay)
Last $4.90		Change 0.020(0.41%)		Mkt cap ! $257.0M

Open	High	Low	Value	Volume
$4.90	$4.90	$4.86	$14.26K	2.916K

Buyers (Bids)

No.	Vol.	Price($)
1	3683	$4.90

Sellers (Offers)

Price($)	Vol.	No.
$4.98	7431	1

View Market Depth

No.	Vol.	Price($)
1	3683	4.900
1	1	4.880
2	11926	4.830
2	11560	4.820
1	1041	4.800

Price($)	Vol.	No.
4.980	7431	1
4.990	2000	1
5.000	10200	2
5.050	7986	2
5.100	12000	4

Last trade - 16.10pm 05/11/2024 (20 minute delay)

TBR (ASX) Chart