Hi Sylvestor, hope you are well
As i said in a previous post , 9 months ago they were selling HMC for just over 500 , today the margin is near 500 so its worth alot more. Back then the valuation was 30-32c , with about 50 m in cash inventory today the operational business is worth about 38c on current HMC pricing, and cash and inventory is circa 90m and Biddimina looks the goods. I would argue its as cheap today at 23.5 as it was 9 months ago at 16.5 -17c . As i said on another thread many fall into anchoring bias, because it was 17 c 9 months ago people automatically it was cheaper then than now , or when a stock falls from 2 to 1, that is is cheaper at 1 than it was at 2. Perhaps if nothing changes, but it could be easily more expensive at 1 dollar then it was at 2. Valuation is dynamic. If we assume 200 higher margin for 5 years , at 280 t per year , that is 260m odd extra cash flow
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Last
6.8¢ |
Change
0.003(4.62%) |
Mkt cap ! $76.30M |
Open | High | Low | Value | Volume |
6.5¢ | 6.8¢ | 6.5¢ | $20.87K | 314.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 539 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 539 | 0.068 |
2 | 112695 | 0.066 |
1 | 150000 | 0.064 |
1 | 79200 | 0.063 |
3 | 182308 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 50000 | 1 |
0.076 | 75000 | 1 |
0.080 | 109990 | 1 |
0.087 | 50000 | 1 |
0.090 | 9959 | 2 |
Last trade - 15.26pm 27/09/2024 (20 minute delay) ? |
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IMA (ASX) Chart |