ASE 16.7% 3.0¢ astute metals nl

2 buyers at 0.006 want 15 million, page-8

  1. 5,079 Posts.
    yes but who is buying, and why
    buying has been mostly off market, the sells have mainly been smaller orders.

    it will take a bit to clear stale holders and maybe some placement, but once that is done and if we get decent results this could move to somewhere near fair value,
    \
    based on say RNI that could be 50-60 mill upwards, RNI is nearly 90 mill,

    60 mill would be 3.5 cents,

    But this wont happen overnight, and it will not be a straight line, there will be ups and downs.

    if results are good I would expect a knock on their door.

    however they have to be mindful of releasing what they know to the market in a timely manner, to explain to the market what the results mean, maybe compare to other companies in relation to their assets/results and market cap

    maybe a company presentation to brokers.

 
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