In defense of your position on the buyback, you said if they bought all their stock back, except for yours, there would be no money left, the mine would be depleted, and the rehabilitation liability would remain. That is saying all future undiscounted cash flows equals the current EV. The rehabilitation liability would be unfunded.
Surely we can agree the stock is overpriced if that is true?
MC is ~360M, cash is ~230M. The H1 NPAT run rate was $30M, so it looks like you're saying there is only 4.3 years of mine life left.
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Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $367.0M |
Open | High | Low | Value | Volume |
40.5¢ | 41.5¢ | 40.0¢ | $911.5K | 2.244M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 93205 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 13522 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 73205 | 0.405 |
7 | 289675 | 0.400 |
4 | 317821 | 0.395 |
4 | 148067 | 0.390 |
1 | 150000 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 13522 | 2 |
0.415 | 162629 | 5 |
0.420 | 219254 | 5 |
0.425 | 168000 | 4 |
0.430 | 21118 | 4 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
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HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
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