ALK 0.49% 51.3¢ alkane resources limited

And Market Cap hits $200m....

  1. 327 Posts.
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    Hi,

    For a short time today when 41.5c sales crossed, market cap crossed over to 200 million. It strikes me that when previous discussions occurred over the last 2-3 years on the basic economics of DZP, these discussions were when we were at <$100m. Prior to recent rise, and capital raising....

    But putting it in perspective, the projected EARNINGS of DZP are approaching double our current market cap with Hf, and we are at a macro P/E of about 6-8 (I know this is not true ebitda etc etc, don't shoot !!!) for TGP alone.

    Servicing debt of $1B at 10% or so is 100m/pa (hypothetical) still leaves $200-250m EPS, or PE of 1 for DZP.

    Given the rise has been on no actual news, and that traders will make the rise nonlinear, 40c is still conservative IMHO.
 
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Last
51.3¢
Change
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Mkt cap ! $304.7M
Open High Low Value Volume
51.5¢ 51.5¢ 50.0¢ $365.7K 722.9K

Buyers (Bids)

No. Vol. Price($)
4 67848 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
51.5¢ 101177 13
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Last trade - 15.05pm 05/07/2024 (20 minute delay) ?
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