I'm just warning those who just look at the price target.
Consider their last report which stated they were comfortable about servicing debt (without a raise in their forecasts), all whilst being co-lead on the raise just a few weeks later.
For some reason, I can't access the full report, but I'd be interested to know if they:
1. considered the carried forward tax losses in their NPAT. I'd also like to know if their
2. Used 50% NAV and 50% DCF model to value it
I personally hate using NAV for mining companies, despite it being a norm for analysts. If it's not profitable, no one is going to buy the deposit... so what value does it really have.
I'm just warning those who just look at the price...
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Last
4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $243.5M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.2¢ | 4.0¢ | $459.6K | 11.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1091145 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 672161 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| MMI (ASX) Chart |