The assumed loss of Anglo contracts really giving this stock a huge whack.
interesting that an announcement of contracts never boosts a share price to the extent that losing one does!
these contracts finished in October anyway so not a huge loss. It was probable that they would have been renewed but the fire has put an end to that at least in the short term
as it stands, MYE has a value of $55M - so Metaroc business is worth negative $10M despite being the bigger - and more profitable- part of the formerly combined entities (Metaroc/pybar)
net profit will be circa $20M for the year and if we took out the value of pybar and Anglo contracts going forward they might drop at absolute worst case to 1/4 of the profitability. Add back interest savings on zero debt and cash positive position (last year $50M in debt) That still gives a adjusted $15M profit. ($10m saving in interest)
if we find some more contracts or sell more equipment if we don't then that will give an extra boost -
happy to hear from some educated opposing views if they are out there. Interesting to know what is causing such a drop in price
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17.8¢ |
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-0.003(1.39%) |
Mkt cap ! $54.40M |
Open | High | Low | Value | Volume |
17.8¢ | 17.8¢ | 17.8¢ | $4.438K | 25K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 20000 | 16.5¢ |
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Price($) | Vol. | No. |
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18.5¢ | 25000 | 1 |
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No. | Vol. | Price($) |
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2 | 137500 | 0.160 |
1 | 40000 | 0.150 |
3 | 38900 | 0.140 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.185 | 25000 | 1 |
0.190 | 138000 | 3 |
0.195 | 121007 | 3 |
0.200 | 290000 | 2 |
0.205 | 165000 | 1 |
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