G'day Winmore - on BullishBearish multiples of operatonal cashflow, your numbers produce a market cap for RED/SLR combined at about $2.2bn. That doesn't seem far-fetched at all.
But as far as future unhedged sales of gold and reductions in interest payments if debt if paid down or paid off, I'd think none of this is news to analysts and that their estimates of the fair value of shares in RED/SLR already take these things into account.
Again, my view is that it's really improved sentiment and an improved AUD gold price that'll dial up the price of the shares to a higher level than they are at the moment.
G'day Winmore - on BullishBearish multiples of operatonal...
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Last
42.8¢ |
Change
0.003(0.59%) |
Mkt cap ! $1.472B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 42.8¢ | 42.0¢ | $535.4K | 1.262M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 499376 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 282276 | 17 |
View Market Depth
| Last trade - 10.20am 04/06/2024 (20 minute delay) ? |
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Last
43.0¢ |
Change
0.003 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| 42.0¢ | 43.3¢ | 42.0¢ | 801312 | ||
| Last updated 10.41am 04/06/2024 ? | |||||
| RED (ASX) Chart |