I wish all holders good luck but I'm out for the time being, took my chance to exit at 80c this morning. The ridiculous high value/low multiples in solid producers, made me do a risk reward rethink and I have re-allocated funds to NST. This is trading on 3.5 x forward guidance on 21/22 free cashflow at todays prices. That's just crazy cheap for a stock that used to demand a premium, and even has a small 2% dividend.
I know BGL is probably also cheap at present, but recent events didn't sit well with me and I don't think the June stage 2 FS will be anything amazing (better but not hugely so). I think its best shot at a significant re-rate in the next 6-12 months is a takeover bid but I'm not willing to wait around to find out, whilst other low risk high reward opportunities pass me by. If I had spare funds I would have kept a small BGL parcel to stay in the game but I don't, so for the time being I wish you all well.
I wish all holders good luck but I'm out for the time being,...
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Last
$1.77 |
Change
0.040(2.31%) |
Mkt cap ! $2.083B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.78 | $1.75 | $21.27M | 12.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33094 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 75654 | 2 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| BGL (ASX) Chart |