Wowee, I must say it is very pleasing going through this result to see that it is FINALLY forecastable. On almost every measure they are delivering to a plan, have the support of the Board to execute and have a tail wind on the Gold Price. I must have spent 20-30 hours going through every aspect of the business, back to the original DFS, building a high level financial model. This is now becoming a very solid staory that Instos will be able to get behind. I stick to my base case valuation of $7-8/share with the upside St Ives case at $33-35/share. I would expect the share price to be in the $4-5 range by year end
PNR Price at posting:
$3.15 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)