Screaming buy, wait for the pile in if they have full utilisation as they are targeting. MC $35.5m undiluted. EBITDA will be $6-7m. I'm not too familiar with other ASX listed drillers other than Perenti and they trade at a PE of ~10. Based on the EBITDA would give us a Market Cap of $60-70m, basically a one bag from here.
Plus upside on using that the free cash flow to acquire bolt on services.
Absolute no brainer to me.
Ann: Amendment of agreement to provide drilling services, page-11
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Last
49.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $253.5M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.5¢ | $293.5K | 598.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 54574 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 2600 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| VYS (ASX) Chart |