Wow, Taylor written down from $1.8B to only $500M.
Hermosa was S32's Great White Hope for growth, now it's a middling asset. Still good but not great.
By rough back of envelope calculations this writes off about 10% of S32's value. Goldman only visited the site in June and upgraded its value to US$1.85B or A$0.58 per share, losing potentially 70% of that today would mean 40c off the share price.
Will be interesting to see the market reaction.
Ann: Hermosa Project Non-Cash Impairment, page-2
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Last
$3.83 |
Change
0.070(1.86%) |
Mkt cap ! $17.31B | |||
| Open | High | Low | Value | Volume |
| $3.80 | $3.86 | $3.74 | $73.18M | 19.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 106377 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.85 | 238289 | 23 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| S32 (ASX) Chart |