Almost finishing this quarter, at current IO prices, GRR have generated another ~$75m in cash so far so add to that $894m equity value and we're at almost $1 billion in equity/net book value with ~$0.5 billion cash on hand, yet the share price remains with market cap of $0.67bn
I guess perception and actions of management are they generate too much cash with a muilti-decade mine life for many more years of free cash...
Definitely buying more here, probably the most undervalued stock on the ASX on pure value investing fundamentals. This is one of those stocks Warren Buffett would launch a takeover offer for 30% premium to current share price or ~75cents per share, owning the $0.5billion of cash and all other assets and getting ~20 more years of free cash flow generation for FREE.
Almost finishing this quarter, at current IO prices, GRR have...
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $416.6M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.3¢ | 35.5¢ | $1.161M | 3.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14701 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 292464 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GRR (ASX) Chart |