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.
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I'm just warning those who just look at the price...
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Mkt cap ! $259.0M |
Open | High | Low | Value | Volume |
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28 | 1019702 | 0.042 |
6 | 1399535 | 0.041 |
13 | 1731841 | 0.040 |
8 | 666951 | 0.039 |
Price($) | Vol. | No. |
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0.044 | 2100892 | 12 |
0.045 | 1502926 | 12 |
0.046 | 1738754 | 8 |
0.047 | 649530 | 4 |
0.048 | 724000 | 4 |
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