Hey Binwood
I agree with your numbers although somewhat conservative IMO.
Massive potential further upside if GP continues to move up.
I am getting a strong sense the new team have a plan in place to build the resource with a view to sell the project to the highest bidder.
Every move they have made since coming on board supports this possibility.
Based on your figures can you provide a guesstimate of what suitors would be prepared to pay for the project based on your valuations?
I am thinking 4 to 6 times current SP……or min $2.00 per share.
Your thoughts would be appreciated.
HB
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Last
43.5¢ |
Change
0.050(13.0%) |
Mkt cap ! $154.9M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 43.5¢ | 39.5¢ | $494.8K | 1.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3150 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 44421 | 1 |
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| Last trade - 15.56pm 30/08/2024 (20 minute delay) ? |
| AUC (ASX) Chart |