I'm with you here & think it is undervalued & both a short & long term play ... I'm just stuck for reasons it isn't valued higher.
Only a couple of reasons, short(ish) production history so far, low(ish) reserve life - though hopefully during the course of this year get proven up & extended.
Once these things happen, perhaps a more realistic (in our view) valuation can be incorporated by the market?
If WhoDat capex translates into higher production, larger reserves & reserve life & Neon proves itself, then I think this can be a portfolio game changer.
Ann: TY23 ASX Release & Investor Presentation, page-17
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Last
$1.77 |
Change
0.040(2.32%) |
Mkt cap ! $1.414B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.77 | $1.73 | $9.527M | 5.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20961 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 20109 | 2 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |