Agreed Guemer, but the market and analysts need to spin their numbers, so it can take a few days for the SP to reflect the new numbers. Also they may wait to see what funding has been arranged and the BFS.
With todays NPV, I've used previously 25% (roughly 8c?), but given this is the second DFS, one could stretch that to 40% (roughly 13c?) especially given thethe project is totally derisked (as in licenses etc). Maybe 50% once FID?
Just spit balling numbers, SOTT may have different ideas?
As you'll see in the chart thread, I was happy with todays trade, And expect more next week after the webinar.
All the best.
Agreed Guemer, but the market and analysts need to spin their...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $22.48K | 1.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 4351454 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2562410 | 8 |
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| Last trade - 12.38pm 15/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |