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Ann: Results of Meeting, page-38

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Stoneology

105 Posts.

19

13/12/21

17:55

Post #: 58263261
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Originally posted by adick9: ↑

The new Farm in venture projects if successful would bring enough to close that gap from making a loss to making a profit, with the de-merger the company will of completely reduced debt, and also operating costs will go down too. There is an if in there because we may not see any success from the works but I don't see how you can't understand that a material reduction of debt paired with an increase in income isn't good enough to increase the price from such an oversold value to at least a fair value.
The current Price to book ratio is 0.62, an average stock making a profit on the ASX could be anywhere from 1.5-4 very easily.
This is what would happen if they are successful in materially reducing debt and increasing production.
There is an IF, but it's a real reason why.
All the reasons I can see why sell sentiment is here is because of Mathers. Not really much else being said.

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Are you sure the gas2grid farm in is happening?
A letter of intent has been released. nothing else yet.

AJQ Price at posting: 1.8¢ Sentiment: None Disclosure: Held
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