I think you need to look at it like this
what are the chances you can fund a $500m capex bill in this market?
id suggest none and there ain’t going to be a white knight.
so then the question is what’s a stranded project worth in a down market?
Someone is probably interested as a out of the money nickel option but what price that might be is hard to say, I personally think $20-$40m range is reasonable
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Last
46.0¢ |
Change
-0.010(2.13%) |
Mkt cap ! $228.2M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.5¢ | 44.0¢ | $83.45K | 183.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45874 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 8949 | 1 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| CTM (ASX) Chart |