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49.5¢ 29metals limited

Ann: Change in substantial holding, page-59

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Hottin

6,589 Posts.

359

15/02/24

18:07

Post #: 72429787
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Originally posted by mondyinvest ↑

Ausbil still had something like 35,000,000 shares even after ceasing to be a sub. holder so they’re probably the ones hosing the share price, given the large volumes.

PS: all the people quoting the market cap and saying it’s cheap are showing themselves to be utterly clueless. You have to look at the EV, i.e. market cap, less cash, plus debt. That’s the true position. Here it is:

Today’s market cap : $133M
Less cash* ($130M)
Plus debt (at 31/12) : $225M (US$146M)

So current EV is approx. $228M.

*cash was $162M at 31/12 however they burned $65M in the last quarter, and we’re halfway through the current quarter… so I’ve reduced cash down by a similar pro-rata amount.

Carry on blaming these ‘non holders’ who are patiently trying to educate y’all… but they’re gonna have to raise again, or get a Convertible Note from AusSuper.

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EV $228m? How so?
What am I missing? MC$133 + $130 cash = $263m - debt $225m = $38m right?

29M Price at posting: 19.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 49.5¢		Change -0.020(3.88%)		Mkt cap ! $347.5M

Open	High	Low	Value	Volume
51.0¢	53.0¢	49.0¢	$816.2K	1.613M

Buyers (Bids)

No.	Vol.	Price($)
2	39651	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	36481	2

View Market Depth

No.	Vol.	Price($)
2	39651	0.490
5	96611	0.485
9	188806	0.480
5	139894	0.475
9	77995	0.470

Price($)	Vol.	No.
0.500	36481	2
0.505	20973	1
0.510	48511	4
0.515	49746	2
0.520	99338	4

Last trade - 16.10pm 08/10/2024 (20 minute delay)

29M (ASX) Chart