I think >US$50M is definitely achievable Jan-June 2022 in repayment, which would take us to less than US$100M of debt... I also think less than US$100M debt could be a nice trigger point for a refinance, but I have been wrong in the past.
Until refinance is sorted, thus giving the company an avenue to use retained earnings for distribution or for acquisition, I do not think we will see a sustained lift in SP. However, given the current futures market for coal and the quick debt repayment currently anything could happen.
I retain 3x EBITDA multiple is not unreasonable for a miner, but this multiple needs to be a realistic price assumption, not the current A$25M/month EBITDA... But yes, A$450M market cap would not be unreasonable for a company with A$150M EBITDA (TER did A$126M EBITDA in last 6 months).
I think >US$50M is definitely achievable Jan-June 2022 in...
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Last
23.3¢ |
Change
0.003(1.09%) |
Mkt cap ! $188.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 23.0¢ | $80.18K | 345.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 843044 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 180664 | 13 |
View Market Depth
| Last trade - 13.32pm 15/05/2024 (20 minute delay) ? |
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Last
23.0¢ |
Change
0.003 ( 1.08 %) |
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| Open | High | Low | Volume | ||
| 23.0¢ | 23.5¢ | 23.0¢ | 134839 | ||
| Last updated 13.42pm 15/05/2024 ? | |||||
| TER (ASX) Chart |