So, looking at this super simplistically, assuming they make AUD$400 per tonne profit, on 150ktpa, at 30% tax - ignoring capex, LOM, CRs etc - then this would support a mkt cap of ~$420M once at full swing on a pe of 10. That’s a SP of ~ 14c, if there is zero dilution.
If this is correct (and it is super simple, but I’m also ignoring dilution, risk, time-value of money, etc), then where is that upside the company promised in their slide with the sharpie up-arrow, at around 14.5c?
Ann: Investor Presentation, page-20
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $20.57M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $16.78K | 2.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 18151843 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 9106425 | 32 |
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| Last trade - 15.02pm 18/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |