Overall, I think however you look at this stock, if, right now, we sell all lands in Dubbo, the licences and metal plant, along with the cash (about $80m) and feed stock we have, we will probably receive more per share than 1.73.
I think the market has lost faith in the management’s ability to deliver which is why future cash flow is assumed negative thus we are priced so low and near cash value. I do not think future revenue/profit is priced in at all. This is why I still will participate in SPP even though I’m pretty annoyed at the management.
After this SPP is done in a few days, I think the SP is more likely going yo rise than fall.
(No financial advice obviously, just my opinion)
ASM Price at posting:
$1.72 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)