The Europeans have rerated AAM.
AAM MC = AUD54.67m
AMM owns 25% of the Silumina Anodes project and 18.75% of the Cerenergy project.
ATC owns 75% of the Silumina Anodes project and 56.25% of the Cerenergy project.
On that comparison ATC is greatly undervalued. Current parity would be ATC MC = AUD164m (currently ~ 118m)
The Johor project owned 100% by ATC, does have some value despite it being mothballed.
The European investors aren't carrying HPA baggage and the associated negative market sentiment as evidenced on this forum from time to time.
ATC is set for a rerate in IMO despite the prince's selling.
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