VAU 7.81% 34.5¢ vault minerals limited

The Market has not revalued RED 5 Yet, page-2

  1. 72 Posts.
    lightbulb Created with Sketch. 25
    Just a few more junk numbers then I will call it a night.
    Old Numbers here from EOFY 2023:
    Net assets:
    SLR $711,541 million
    RED 5 $330,071 million
    Total combined net assets as at 30 June 2023 = $1,041,612
    Total shares outstanding now 6,802,473,382 (Painful isn't it).
    Resulting book value : $1,041,612 / 6,802,473,382
    Simplified to smaller numbers: $1.04 / 6.80
    Combined Companies at $0.15c Book Value Per Share as at 30/06/2023.
    If trading at industry average of 2.5:1 = $0.375c
    Hmmmm is there some rhyme and or reason here.
    I think this is what the Market is seeing and not reading any further into it at the moment.

    I believe the new 2024 Balance sheet will show improvement with RED 5 debt having been paid down and paid off.
    Good gold sales at good prices by red 5 and SLR since 30 June 2023 should also boost balance sheet.
    Aiming for a Book Value Range of $0.18 to $0.22c.
    Good Night all

 
watchlist Created with Sketch. Add VAU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.